CTP N.V. has agreed terms to acquire the Vietnamese logistics portfolio and operating platform of South-East Asia Logistics Partners (SLP) from Ares Management for about US$500m, the Amsterdam-based group said on 9 November 2026.
Why CTP N.V. is buying South-East Asia Logistics Partners (SLP) Vietnam portfolio and operating platform (from Ares Management)
CTP said the deal would give it immediate scale, a material development pipeline and a regional network in Asia. Chief executive Remon Vos said many clients are seeking production capacity outside China under 'China Plus One' strategies, making Vietnam a natural location. The portfolio's tenants include J&T Express, Shopee Express and Nippon Express.
“Our entry into Vietnam marks CTP’s first major step towards becoming a global industrial and logistics business, building on our strong foundation in Europe.”
Deal terms and financing
The acquisition comprises seven standing assets totalling 504,000 sqm of NLA and six development sites with potential for about 585,000 sqm, taking the platform to about 1.1m sqm. Construction has started on two sites totalling 140,000 sqm. Around 59% of the portfolio is in northern Vietnam around Hanoi, Bac Ninh and Hai Phong and 41% around Ho Chi Minh City. More than 55 SLP staff will move to CTP.
Regulatory approvals and timing
Completion is subject to agreed conditions, including applicable regulatory approvals, and is expected in the coming months.
Market context
CTP entered Vietnam in early 2026 by buying two development sites with potential for about 210,000 sqm. It had 15.1m sqm of GLA across 12 countries at 30 September 2026.
