Carlyle China

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.
The 17 warehouses will be located in Shanghai (pictured), Beijing and Guangzhou, and second-tier cities such as Shenyang, Tianjin, Chongqing, Zhengzhou and Hefei.
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 cities such as Shenyang, Tianjin, Chongqing, Zhengzhou and Hefei. The partners plan to own more than 1.8 million square meters of gross floor area across China.

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