
Keppel Capital launches China logistics property fund
Its initial commitment is at around $288.8m (RMB1.4b).
Keppel Capital Holdings has launched a China logistics property fund together with a global investor, which has an initial total equity commitment of around $288.8m (RMB1.4b), to invest in developing high-quality logistics assets in key logistics hubs in China.
The fund will be Keppel Capital's inaugural China-focused logistics property fund, whilst its wholly owned subsidiary Keppel Capital China (SG) will serve as the fund's investment manager.
Despite the challenges brought by the COVID-19 pandemic, Keppel Capital Chief Executive Officer Christina Tan said the company has continued to work with its ecosystem of companies and industry partners to create investment opportunities across asset classes.
“Driven by rising domestic consumption as well as e-commerce, China’s demand for quality logistics facilities is expanding rapidly. Through the fund and our collaboration with our local logistics property partner, we look forward to delivering modern logistics facilities for key cities in the Chinese market, while also generating attractive risk-adjusted returns for our investors,” Tan said.