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Keppel Capital invested in this multi-storey facility near Jakarta as part of its logistics joint venture last year.
Keppel Capital, the Temasek Holdings-backed asset management arm of Singapore’s Keppel Group, on Tuesday announced the creation of a logistics property fund to invest in developing high-quality assets in key logistics hubs in China.
Keppel Capital’s first China-focused logistics property fund has an initial equity commitment of RMB 1.4 billion ($220 million), with an option to upsize by a similar amount by the end of 2021. Wholly-owned subsidiary Keppel Capital China will serve as the fund’s investment manager.
The fund will leverage the experience, network and expertise of Keppel Group, as well as a leading Chinese logistics developer and operator, Keppel Capital said in a release.