NEW YORK, HONG KONG – 30 October 2025
 

Brookfield, a leading global investment firm headquartered in New York with more than US$1 trillion of assets under management, has formed a cold storage joint venture with Māori Capital, the investment arm of Uni-China Group, Hong Kong’s largest fresh food retailer and wet market operator, to acquire a prime industrial site in Tsing Yi, Hong Kong from Swire Properties.
 

The 246,000 square foot site is located within Hong Kong’s most established logistics cluster and will be purpose-built to meet the modern cold storage specifications required for food-grade logistics and pharmaceutical clients. It will incorporate energy-efficient refrigeration and advanced storage and logistics management solutions.
 

With seamless access to key transportation nodes including the Kwai Tsing Container Terminals and the Hong Kong International Airport, Uni-China’s logistics business has committed to full occupancy upon completion in 2026.
 

The Tsing Yi asset will serve as the seed property for a newly launched cold storage joint venture (JV) between Brookfield and Māori Capital. This strategic partnership leverages Brookfield’s extensive global expertise in cold storage and logistic investments and Uni-China’s deep local understanding of Asia’s fresh food retail and supply chain given its extensive market expertise and an established retail network of approximately 1,000 sales points.
 

The JV will actively explore further investment opportunities in high quality cold storage assets and related businesses across Asia.
 

Brookfield Head of East Asia Real Estate Andrew Burych said: “Cold storage is a high-conviction theme for Brookfield, driven by structural shifts in consumption, evolving food logistics requirements and the under-supply of modern temperature-controlled facilities in gateway cities like Hong Kong. The conversion of the Tsing Yi property to a high-spec cold storage facility is in line with Brookfield’s strategy of revitalising underutilised industrial assets across Asia. Partnering with Māori Capital and leveraging Uni-China’s operating footprint creates a powerful combination of institutional capital and local market expertise and we see potential to create a vertically integrated cold chain platform across key urban markets.”
Jackie Ling, Chairman of Uni-China Group, said: “We see rising demand for quality cold storage in Asia’s growing fresh food retail sector, driven by consumers’ shift towards high-quality products. Our strategic expansion in the cold storage business is set to seize these opportunities. With extensive assets in our diverse business portfolio and over two decades of deep local expertise, we are confident that our increased involvement in cold storage will further strengthen our strategic position as an industry leader.”
 

Michael Ling, Managing Partner of Māori Capital, echoes: “The partnership marks a key step in evolving modern cold chain infrastructure. We look forward to working closely with Brookfield to expanding the JV platform, and leveraging both of our expertise to investing in high-quality assets and businesses related to cold solutions across the region.”
 

Brookfield has a strong pedigree in logistics and is able to leverage its operational expertise, global franchise and local presence in 15 markets to create value for investors. With a global industrial portfolio worth US$26 billion, its holdings span 190 million square metres across five continents, making it one of the world’s most active investors in the logistics real estate sector. In Asia Pacific, Brookfield has US$3.5 billion in logistics assets under management.