Carlyle, Townsend commit $200m to China warehousing platform
The Carlyle Group and the US-based investment firm The Townsend Group will have agreed to invest $200 million in logistics warehouses in China. The capital will be used to acquire an undisclosed stake in five warehouses owned by Shanghai Yupei Group and build an additional 12 properties in the next two years.
As part of the deal, Shanghai Yupei, a local warehouse developer, will also invest $200 million to be used for land acquisitions and construction. The 17 warehouses will be located in major logistics...
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