CapitaLand Investment secures initial $222 million for China business park fund

  • 📰 IndependentSG
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

The closed-end fund aims to invest in business parks across China and has secured a major institutional investor as its anchor.

CapitaLand Investment Limited has announced the initial close of its sixth onshore renminbi fund, the China Business Park RMB Fund III , securing $222 million in equity. This development is expected to increase CLI’s funds under management by $370 million once the fund is fully deployed.

To kick-start the fund’s operations, CLI will recapitalize its asset, Ascendas iHub Suzhou, by transferring it as a seed asset to CBPF III for $259 million . CLI will continue to manage the property, contributing to its recurring income. The facility holds a Leadership in Energy and Environmental Design Gold certification, indicating its adherence to sustainable building practices.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 9. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines