CTFS Strengthens Logistics Segment with Acquisition of
Three Logistics Properties in East China
15.01.2026
(15 Jan 2026 ─ 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 funds managed by TPG Angelo Gordon to acquire 100% equity interest in three premium industrial logistics properties located in East China, with a total gross leasable area of approximately 1.72 million square feet. Strategically located at key economic hubs within the Yangtze River Delta (YRD), these properties are expected to generate stable cash flow and support the Group’s long-term growth upon completion of the transaction.
The Group’s logistics assets portfolio currently comprises nine logistics assets across Hong Kong, Chengdu, Wuhan, Suzhou and Dongguan, with an aggregate gross leasable area of approximately 12.79 million square feet. Upon completion of this acquisition, the Group’s logistics portfolio will expand to 12 properties, increasing its aggregate gross leasable area to approximately 14.51 million square feet. This expansion further scales up the portfolio, reinforces its strategic position in the YRD, and enhances the Group’s logistics asset network across Chinese Mainland.
The newly acquired properties incorporate sustainable design features and have all achieved LEED Gold certification, underscoring industry-leading standards. This transaction also reflects CTFS’s commitment to ESG principles and its dedication to sustainable development goals.
Mr. Brian Cheng, Executive Director and Group Co-Chief Executive Officer of CTFS, said: “This acquisition fully aligns with the Group’s investment strategy. We remain focused on seeking high-quality logistics assets that provide resilient cash flow and attractive returns, enhancing our portfolio and creating synergies. Following our entry into the Greater Bay Area in September last year, this expansion into the YRD marks another important milestone and further strengthens our footprint in Chinese Mainland's core economic regions. With scale expansion and cross-regional synergies, we are confident in enhancing operational efficiency and competitiveness of our logistics assets portfolio.”
The Group’s logistics assets portfolio currently comprises nine logistics assets across Hong Kong, Chengdu, Wuhan, Suzhou and Dongguan, with an aggregate gross leasable area of approximately 12.79 million square feet. Upon completion of this acquisition, the Group’s logistics portfolio will expand to 12 properties, increasing its aggregate gross leasable area to approximately 14.51 million square feet. This expansion further scales up the portfolio, reinforces its strategic position in the YRD, and enhances the Group’s logistics asset network across Chinese Mainland.
The newly acquired properties incorporate sustainable design features and have all achieved LEED Gold certification, underscoring industry-leading standards. This transaction also reflects CTFS’s commitment to ESG principles and its dedication to sustainable development goals.
Mr. Brian Cheng, Executive Director and Group Co-Chief Executive Officer of CTFS, said: “This acquisition fully aligns with the Group’s investment strategy. We remain focused on seeking high-quality logistics assets that provide resilient cash flow and attractive returns, enhancing our portfolio and creating synergies. Following our entry into the Greater Bay Area in September last year, this expansion into the YRD marks another important milestone and further strengthens our footprint in Chinese Mainland's core economic regions. With scale expansion and cross-regional synergies, we are confident in enhancing operational efficiency and competitiveness of our logistics assets portfolio.”
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