CTFS Strengthens Mainland Logistics Portfolio with 100% Acquisition of A property in Greater Bay Area
30.09.2025
(30 Sep 2025 ─ Hong Kong) CTF Services Limited (“CTFS” or “the Group”; Hong Kong stock code: 659) is pleased to announce that it has entered into a sale and purchase agreement with First Industry Group Limited to acquire 100% equity interest in a logistics property located in Dongguan, Guangdong Province. This acquisition marks the first investment under “CTF Logistics” in the Greater Bay Area, representing a significant milestone in the Group’s strategic expansion of its Mainland logistics portfolio. Situated in a prime logistics hub within the Greater Bay Area, the property is fully leased and is expected to contribute stable cash flow for the Group upon completion of the transaction.
CTFS currently holds a total of eight logistics assets across Hong Kong, Chengdu, Wuhan and Suzhou in the Mainland, with gross leasable areas of approximately 12.4 million square feet. With the addition of the Dongguan property, the Group’s logistics portfolio will expand to nine assets, further strengthening its market coverage.
Mr. Brian Cheng, Executive Director and Group Co-Chief Executive Officer of CTFS, said, “Demand for premium logistics infrastructure remains robust, and we are confident in the long-term prospects for the logistics sector across both Mainland China and Hong Kong. This inaugural investment in the Greater Bay Area is fully aligned with our long-term investment strategy and represents a pivotal step forward in expanding our presence in the region. Through this acquisition, we aim to further optimise our logistics asset network in the Mainland and enhance synergies across our portfolio. We believe this strategic move will deliver sustainable and resilient returns for the Group.”
CTFS currently holds a total of eight logistics assets across Hong Kong, Chengdu, Wuhan and Suzhou in the Mainland, with gross leasable areas of approximately 12.4 million square feet. With the addition of the Dongguan property, the Group’s logistics portfolio will expand to nine assets, further strengthening its market coverage.
Mr. Brian Cheng, Executive Director and Group Co-Chief Executive Officer of CTFS, said, “Demand for premium logistics infrastructure remains robust, and we are confident in the long-term prospects for the logistics sector across both Mainland China and Hong Kong. This inaugural investment in the Greater Bay Area is fully aligned with our long-term investment strategy and represents a pivotal step forward in expanding our presence in the region. Through this acquisition, we aim to further optimise our logistics asset network in the Mainland and enhance synergies across our portfolio. We believe this strategic move will deliver sustainable and resilient returns for the Group.”
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