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China Investment Corp increases net profit to $41.66 billion - (30/07/2010)

China Investment Corp, China’s the country's $300 billion sovereign wealth fund, increased its net profit last year to $41.66 billion from $23.1 billion in 2008.

CIC, founded in late 2007, made a positive return on its overseas investments last year of 11.7 percent. The fund made new overseas investments last year of $58 billion.

If the domestic portfolio of State-owned financial institutions is also taken into consideration, the fund has made a return on registered capital of 12.9 percent, it said.

The fund accelerated its investment activities since May 2009 as the global economy began to show signs of recovery. That compares to its strategy in 2008, when the fund kept the bulk of its assets in cash to limit losses amid the worsening global financial crisis.

Source: China Daily


+ Japan’s Exports continue to recover - (28/07/2010)

Japan has seen sustained growth in shipments in June despite a rising yen.

Japan's exports rose for the seventh straight month due to machinery and steel products, climbing 27.7% from a year earlier to US$67.2 billion. The country had depended on Asia for recovery, particularly China. 

The demand for iron and steel products grew by more than 46% in the month, while machinery exports soared 50%. Meanwhile, motor vehicle shipments rose by 40%, AP reported.

Imports in the month also rose 26.1% to US$59.3 billion, leading to a trade surplus of US$7.9 billion.

However, economists are expecting exports to slow in the coming months as governments across the world start focusing on controlling spend and debt.

Source: AP

+ Tokyo Tatemono starts construction of project in Nakano, Tokyo - (27/07/2010)

In June 2010, five companies started construction on the former site of the Nakano National Police Academy. The five companies are Tokyo Tatemono, Kajima, Shoei, Nippon Tochi-Tatemono and Toda, which jointly acquired the land for 143.7 billion yen [$1.6 billion] in 2007.

Source: Nikkei

+ Sagawa opens new Tokyo delivery branch - (26/07/2010)

Sagawa Express Co., Ltd., established a new branch in Tama Hills on July 21st. 

This takes the total number of Sagawa's Japanese domestic branches to 361 stores.


Tama, Kawasaki Branch

Location: 2-9-11 Ikuta, Tama-ku Kawasaki, Kanagawa

(Kawasaki, 15 minutes from IC)

Open from: July 21 (Wed)

Outline of a facility: Covers an area of 2,824.44 M2

Total floor area: 1,679.79 M2

(Contract only the ground floor)

Field sales office: Steel frame

Personnel: 43

Fleet number: 25 units (including mini-cars)

 

* Featured pickup area

Tama Hills is an area dominated by nature also many residential areas. Sagawa anticipates baggage delivery and mail-order goods to more than 200,000 people.

Source:Sagawa 

+ Kerry Logistics to build 3 warehouses - (23/07/2010)

China - Kerry Logistics has planned to build three more facilities in Mainland China by 2011 as part of its plans to strengthen its fashion logistics network in the country.

The facilities will be built in Shanghai, Chongqing and Kunshan.

The market share of foreign retail brands in China will increase from 20% to 40% in 2014, says Global Insight, a US provider of economic and financial intelligence.

Kerry Logistics is currently managing over 40 fashion and retail companies, most of which are international brand leaders.

"We also offer a wide range of value-added services to our clients to meet the specific requirement of the Mainland China market, from Garment-On-Hanger, Chinese information tagging and Chinese care labelling to pre-retail preparation, quality control and store stock taking," says Kevin Lam, director of key account and assistant regional director of sales in Mainland China for Kerry Logistics.

Source: Procurement Asia

+ Foreign Investors focus on China’s real estate - (22/07/2010)

China's property market has seen soaring investment from foreign institutional investors, driven by strong expectations of renminbi appreciation this year.

According to CB Richard Ellis, the value of property transactions in 15 Chinese cities has hit 49.9 billion yuan ($7.36 billion) in the first-half of this year, among which 19.4 billion yuan came from foreign institutional investors, 10.2 billion yuan from Hong Kong, Taiwan and Macao, and the remaining 20.3 billion yuan from mainland investors.

"Affected by the financial crisis, foreign investors were inactive last year and domestic investors dominated the market. But due to better liquidity and expectations of renminbi appreciation, the situation is just the opposite this year," said Danny Ma, senior director of CB Richard Ellis Research China.

Industry experts say the renminbi will probably appreciated 3 percent this year.

LaSalle Investment Management, a real estate fund, for instance, has been actively seeking opportunities in China, particularly in second-tier cities. Though the fund raised $2 billion last year, it made no investments at all in 2009. But top management said that they will definitely reach a deal in China this year.

"We are now in talks with several projects in the commercial and industrial sectors," Eric Au, China director of LaSalle told China Daily on Thursday.

Savills Beijing said their foreign clients have shown much stronger interest in investing in China's properties, mainly in the office and retail sector.

Source: China Daily

+ Senko Co,. Ltd completes new warehouse, Kanazawa PD Center - (21/07/2010)

Logistics service in Hokuriku district is expanded in productivity. Senko Co., Ltd established Kanazawa PD Center and started to operate in July 13. Senko in Kanazawa used to operate industrial warehouses at 7 places in Kanazawa and Nonoichi city. Because of the decay in the buildings, need in the hub to reorganize and industrial expansion, 3 of the warehouses were combined to build the new warehouse.

Senko in Kanazawa was mainly working for Kawakami Butsuryou, dealing with textile and food industry; however, by taking this opportunity they intend to enlarge more in distribution vender (manufacture and wholesale) and the number of customer in merchandise. Moreover, by taking advantage of the good location to access to Kanazazwa, Komatsu, and Shiroyama city, Senko plan to set up the delivery net work in order to provide high quality delivery service.

Property Outline

Property name: Kanazawa PD Center

Adress: 570-1, Murai-chou, Shiroyama-city, Ishikawa-ken

Site area: 14826m2

Structure: S(SRC for 4 floors), fire-resistant building

Total floor space: 15385m2( Warehouse12,859m2truck yard1,799 m2office and etc 727 m2

Starting date: July 13, 2010

Facilities: 2 vertical goods elevator, 1 goods elevator (floor loading 3.5), 2 dock leveler 

+ Kuehne + Nagel Group turnover increases 15.9% - (20/07/2010)

During the first half of 2010, the Kuehne + Nagel Group’s volume development exceeded the market average in all business units, with accelerated growth in the second quarter. Compared with the previous year’s period, turnover increased by 15.9 per cent to CHF 9,849 million. The operational result (EBITDA) grew by 1.9 per cent to CHF 475 million while net earnings improved by 8.9 per cent to CHF 281 million.


Kuehne + Nagel Group

First half 2010

First half 2009

CHF million

 

 

 

 

 

Turnover

9,849

8,498

Gross profit

2,961

2,929

Operational result (EBITDA)

475

466

EBT

358

337

Net earnings

281

258


Source:K+N

+ Large Tokyo Industrial Property 85% leased - (15/07/2010)

LaSalle Investment Management announced that the occupancy rate of Logi Port Nagareyama exceeded 85%. The company signed new lease agreements for 10,000 tsubo [33,000 m2] in total with logistics and other companies between April and June 2010 for the logistics facility. The remaining 5,600 tsubo [18,000 m2] of space is currently being advertised for tenant companies.

Source: Nikkei

+ DHL launches new LCL Service from India to Los Angeles - (14/07/2010)

DHL has announced the launch of its new direct Less than Container Load (LCL) service from Nhava Sheva, India to Los Angeles, USA. Operated by Danmar Lines, DHL's in-house carrier, the new service will facilitate trade between India and the USA and offers customers services with a reduced transit time of 26 days between the two ports.

"The US is India's 2nd largest export partner and 3rd largest import partner. The launch of this direct LCL route connecting Nhava Sheva to Los Angeles will further facilitate foreign trade between the two countries and support the growing needs of small and medium enterprises. This service will enhance the strong global connectivity offered by DHL's extensive LCL network and will help customers expand and strengthen their supply chain in the India-USA trade lane," said Amadou Diallo, Chief Executive Officer, South Asia Pacific, DHL Global Forwarding.

Christoph Remund, Chief Executive Officer, DHL Lemuir Logistics Pvt. Ltd., added, "The launch of DHL's new LCL service from Nhava Sheva to Los Angeles is strategically planned in time to meet the growth of foreign trade amidst the global economic recovery.  DHL dedicates substantial resources to continue developing and maintaining highly effective services that include traditional LCL services and multi-vendor buyers' consolidations for shipments sourced from single and multiple countries," he added.

 "DHL recently launched an LCL consolidation weekly service from Cochin to Colombo, and with the introduction of this new service, we have further strengthened our network and ocean freight service offerings to support the needs of our customers.  To offer cost-effective and innovative solutions to customers, we are constantly looking for opportunities to extend our LCL service offerings while contributing to the thriving Indian economy," said Sanjay Tejwani, Director – Oceanfreight, DHL Global Forwarding India. 

Source: Transport intelligence

+ APL Logistics, Sumitomo Warehouse Co., form alliance - (12/07/2010)

APL Logistics today announced a strategic alliance with Japan’s Sumitomo Warehouse Co. to jointly market global supply chain services.


Under the agreement, Osaka-based Sumitomo will offer its warehousing and other logistics capabilities in Japan to APL Logistics customers. APL Logistics, part of Singapore’s NOL Group, will make its global services available to Sumitomo customers. The alliance partners said they’ll jointly market services and offer preferential rates to clients.


“We’re delighted with this alliance because it dramatically strengthens the capabilities of both organizations,” said Jim McAdam, President of APL Logistics. “What’s more, it permits us to support each other through business leads and joint sales efforts with a broad international client base.”


The alliance brings together two top names in supply chain management. APL Logistics provides origin, destination and transport services to multinational clients in major world markets. Century-old Sumitomo provides a range of supply chain services in Japan emphasizing integrated distribution.

Source: APL Logistics

+ DHL Global Forwarding and Freight to have multi-modal solutions in China - (08/07/2010)

DHL Global Forwarding and Freight to have multi-modal solutions in China

DHL's Global Forwarding and Freight division has decided to roll out a suite of solutions which will combine air, road, rail and sea transportation to move cargo from China to the rest of the world.

Through this, it will help ease the capacity shortage for air and ocean freight from China. It will also help companies to significantly reduce transport costs by 20-50% and carbon emissions by up to 89%.

Hermann Ude, CEO of DHL Global Forwarding and Freight says multi-modal solutions will shape the future of logistics as companies look for ways to reduce their carbon footprint and transport costs.

"China's ongoing investments in infrastructural development - road, rail and world-class international flight connectivity - have opened up new possibilities for scheduled, reliable and flexible door-to-door services through the combined use of different transport modes," he adds.

Source: DHL

+ Distribution facilities in the Tokyo Bay area three properties acquired - (07/07/2010)

LaSalle is the world's leading real estate investment advisor Investment Management, Inc. (Nasdaq: Chicago, Illinois, Chief Executive Officer: Jeff Jacobson, the "LaSalle") today announced the composition of the La Salle SPC TMK Beipuropati Tokyo , the Tokyo Bay area distribution facility three properties acquired and released.

 

LaSalle positioned real estate assets with stable income distribution,2001since, actively investing in logistics facilities has. So far the country of 35distribution facilities in the property investment experience,we have been contributing to the management efficiency of domestic enterprises due to off-balance.Demand for efficient logistics facilities in large underlying strength to continue, and a growing willingness to invest in Japanese real estate investors abroad logistics, "LaSalle Japan Logistics Fund "through the operation of the future,one and a half years approximately1,000-1500we plan to invest 100 million yen.

 

LaSalle Investment Management Co. Executive Officer (Logistics Division), Yoshikawa,Yosuke, "The logistics of this facility three properties but was introduced as a first sale of nonperforming loans on collateral,location, tenants, building design and scrutinized results, judged sufficient to meet our investment criteria, led to obtain.ability to leverage and asset management expertise that we have detailed the distribution facilities, this3-up value of the property value We will.in the future has been secured for a variety of domestic bad loans will continue to actively promote the acquisition, including the foundation for the development of high quality logistics facilities, "he says.

+ DHL and National University of Singapore launch sustainable Supply Chain Centre - (06/07/2010)

DHL and The Logistics Institute - Asia Pacific (TLI – Asia Pacific) of the National University of Singapore (NUS),  have announced the establishment of the S$3 million Sustainable Supply Chain Centre of Asia Pacific (SSCCAP). 


The Centre will create practical business tools for the industry to establish benchmarks in areas of sustainable logistics solutions, involving research and education.


Paul Graham, CEO, DHL Supply Chain Asia Pacific, commented: "Given the projections for supply chain logistics growth in the region, there is a need for an Asian focus on sustainability. As a leading logistics company, DHL sets industry standards with its Group-wide GoGreen climate protection program, which aims to improve the company's carbon efficiency.  Through high-level research, surveys, conferences and forums, the Centre will create new tools, best practices and know-how that will put the region at the leading edge of innovative sustainability practices."


Opening in July 2010, the SSCCAP will be hosted at TLI – Asia Pacific at the National University of Singapore. TLI – Asia Pacific has a strong reputation in the industry and has established solid industry and customer links. Partnering the Georgia Institute of Technology in the US, TLI – Asia Pacific already offers a Logistics Double Masters and Masters in Supply Chain Management program. 


Source: DHL

+ Real estate trust balance drops by Y600billion - (05/07/2010)

The total value of real estate securitized through trust bank accounts was 25.8 trillion yen [$280 billion] as of March 2010. This fact was contained in the "Entrustment Overview" announced by the Trust Companies Association of Japan. The balance decreased by 600 billion yen [$6.6 billion] compared with one year ago. The real estate trust balance has been decreasing since the survey conducted in March 2009. 

+ Number of real estate investment trusts (REITs) in Asia expected to expand - (02/07/2010)

HSBC expects the number of real estate investment trusts (REITs) in Asia to surge over the next 3 to 4 years due to demand for more risk-averse property investments.

Asia is seeing increased activity in the REIT IPO market this year, with the successful listing of Cache Logistics Trust (CALT.SI) in Singapore, while Sunway City (SWCB.KL) plans to list its REIT in Malaysia in July.

"I see proliferation of REITs, absolutely. I think we'll have twice as many REITs in Asia as we do today in the next three or four years," according to Jason Kern, at HSBC.

Kern expects Singapore to see the most activity, with around 20 more likely to be listed there in the next 3-4 years from companies all around Asia. Singapore has more than 20 listed REITs.

Australia could see a few more, while Malaysia is showing signs of growth, he added.

REITs invest in mainly commercial property and pay rent collected from their properties to shareholders as dividend and hence, some investors see them as safer investments than property stocks.

REITs also usually offer returns that are higher than yields of government bonds.

CHINA & INDIA

In terms of opportunities in Asia, Kern said emerging markets, such as China and India offered huge potential. However Kerns comments that China has been a frustrating market for people to invest in just because it is more opaque. There are much bigger hurdles in terms of tax, friction, in terms of getting capital in and out of the country.

He also noted that the capital going into India has dried up quite a bit for the moment but it will come back when the overall market improves.


JAPAN

As for Japan, currently Asia's largest real estate sector and the world's second-biggest economy, it is a different story with tens of billions of dollars worth of maturing debt coming up in the next year or so.

"For those there salivating over the potential distressed opportunities, it's been less than people expected," Kern said. "The firesales haven't really happened to a large extent."

Source: Reuters


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