Warburg Pincus doubles down on Asia logistics

The early investor in Asian warehouses used for ecommerce looks to extend the play to Vietnam where it says the sector is at an “inflexion point”; capital flows into the emerging market hit a record last year.

Private equity firm Warburg Pincus and Vietnam’s Becamex IDC said on Monday that they had formed a joint venture to develop institutional-grade industrial and logistics properties across Vietnam, betting on the growth in ecommerce and the opening up of the country as more foreign capital flows in.

¬ Haymarket Media Limited. All rights reserved.

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