Carlyle invests in 17 Chinese warehouses

The US private equity firm, along with Townsend, a US real estate investor, spend a combined $200 million on properties in China in collaboration with local developer Shanghai Yupei Group.

Carlyle invests in 17 Chinese warehouses
The 17 warehouses will be located in Shanghai (pictured), Beijing and Guangzhou, and second-tier cities such as Shenyang, Tianjin, Chongqing, Zhengzhou and Hefei.

Carlyle Group, the US private equity firm, and Townsend, a US real estate investor, said on Thursday they will invest $200 million in 17 warehouses in China.

Five of the properties already exist and are owned by Shanghai Yupei Group, a local developer, which will also invest US$200 million. The remaining 12 will be built over 2 years.

The 17 warehouses will be located in Shanghai, Beijing, and Guangzhou, and second-tier...

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