US GP Jaguar acquires China logistics player

The company, formally Brilliant (Shanghai) Enterprise Management Consulting, was set up in 2016 to manage China industrial property investments for The Carlyle Group. It is considered one of the most active logistics and warehouse developers in China, with 1 million square meters of gross floor area under construction and another 1 million square meters of pipeline projects. 

Jaguar invests across the real estate space with a strong focus on logistics and commercial-oriented properties that leverage demographic trends around increasing affluence, consumerism, and urbanization. This includes retail, hospitality, and healthcare. The firm said its Asia strategy would be diversified by sector and sector and geography, with emphasis on China and India. 

The new investment sees Jaguar partner with a group called JHJ Logistics, which is led by Jason Lee, formerly Carlyle’s Hong Kong-based head of Asia real estate. The principals of JHJ have previously raised and deployed $2.4 billion in capital for real estate investments across Asia, including $1.2 billion of equity invested in China since 2004. They will assume leadership roles in Brilliant.

Brilliant positions itself as an innovator in construction technology, environmental features, and worker safety. Long-term R&D plans include rooftop solar panels and systems for the collection and re-use of rainwater. "We believe Brilliant is a differentiated logistics property company, ideally positioned to capitalize on the significant unmet tenant demand in China's first and second-tier cities,” Gary Garrabrant, CEO of Jaguar, said in a statement.

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• Topics
• Greater China
• Real estate
• Buyouts
• China
• The Carlyle Group
• Logistics