15 December 2025, Manila, Philippines – ARCH Capital Management (“ARCH”) today announced the completion of the divestment of Pinnacle Cold Storage, a modern cold storage facility in the Greater Metro Manila region of the Philippines, to Peregrine Cold Logistics (“Peregrine”), a new cold chain logistics platform in Asia Pacific and the GCC, backed by Stonepeak.
“The Philippines has always been an important part of ARCH Capital’s journey,” said Richard Yue, Founder and CEO of ARCH Capital. “Our track record spans multiple economic cycles and reflects the firm’s deep relationships and proven ability to navigate an evolving market environment. Over the years, we’ve completed numerous investments and successful exits across key sectors, reinforcing our focus on identifying long-term opportunities and creating enduring value within the Philippine market.”
Building on a longstanding heritage in the Philippines, ARCH has established a diversified portfolio across logistics, data centers, co-living, residential, and office assets. Notable investments include MNL1—a data center platform and development site operated by ARCH’s affiliate, Digital Halo, and successfully divested earlier this year. This track record enables ARCH to recognize emerging opportunities aligned with the country’s structural growth drivers such as urbanization, rising middle-class, demographic tailwinds, digitization, and infrastructure modernization, and to deploy capital to upgrade and modernize the existing built supply.
Strategically located in Calamba, Laguna, just south of Metro Manila and with direct access to the South Luzon Expressway, Pinnacle Cold Storage serves as a key node within the Greater Metro Manila logistics corridor. Developed to international standards and certified under the IFC EDGE green building program, the facility exemplifies ARCH’s commitment to sustainability, functionality, and operational excellence across its logistics portfolio.
“By attracting strong interest from institutional investors, the transaction illustrates Manila’s evolving real estate landscape, supported by improving liquidity and robust fundamentals,” said Jonathan Umali, Chief Investment Officer at ARCH Capital. “It reinforces our disciplined approach to value creation, from sourcing and development to strategic exits in markets viewed by some as niche or complex, achieved through selective entry and timely execution across the region.”
This transaction follows ARCH’s recent partnerships with global firms, including Partners Group for its regional data center platform and a logistics co-investment with Mitsubishi Estate in Taiwan, continuing the firm’s momentum across Asia Pacific’s logistics and digital infrastructure sectors.
About ARCH Capital Management
ARCH Capital Management is a specialized real estate investment manager that focuses on delivering superior risk-adjusted returns in Asia Pacific. ARCH was established in 2006, and throughout its two-decade history, the firm has developed capabilities across 10 regional offices, and built a portfolio with a Gross Asset Value under Management (GAV) of US$15.1 Bn across fund vehicles, joint ventures, co-investments, and separate accounts. The platform is management-owned and operated, and emphasizes strong alignment with stakeholders through rigorous corporate governance, responsible investment practices, and a culture of discipline and operational transparency.
