Mapletree Investments Pte Ltd (“Mapletree” or the “Group”) is pleased to announce the launch of its first China logistics Renminbi (“RMB”) core fund in partnership with China Life Capital1. The Mapletree China Logistics RMB Fund has a portfolio of five stabilised logistics assets with approximately RMB1.5 billion in assets under management.

Mapletree China Logistics RMB Fund has secured commitments from international insurance companies, reflecting institutional investors’ confidence in China logistics sector’s long-term growth prospects as well as Mapletree’s track record as a logistics real estate developer and operator.

Regional Chief Executive Officer of Mapletree China, Mr Goh Chye Boon, said, “Over the past two decades, Mapletree has grown into one of China’s leading logistics real estate developers and operators. The successful launch of the Mapletree China Logistics RMB Fund underscores our ability to grow our domestic investor base in China by unlocking value from stabilised logistics assets.”

Partnership with a Leading State-Owned Institutional Investor

Since entering China in 2006, Mapletree has focused on developing or acquiring modern logistics facilities as a key business strategy. Supported by the growth of e-commerce, third-party logistics, cross-border trade and domestic consumption, the Group has developed and operated more than 10 million sqm of logistics space across over 130 properties nationwide. These assets are strategically located in key gateway cities, transportation hubs and major consumption centres.

You can now read the full press release at the link below