Singapore's CapitaLand builds $552m RMB funds to invest in China's business parks

Singapore's CapitaLand builds $552m RMB funds to invest in China's business parks

Facade of CapitaLand’s first hyperscale data centre campus in China.

Singapore-based CapitaLand Investment (CLI), a global real estate investment manager, has set up new RMB-denominated funds with about 4 billion yuan ($551.5 million) in total managed capital to invest in business park opportunities in China.

CapitaLand, which started RMB fundraising and management in June 2021, established the 380-million-yuan China Business Park Core RMB Fund I (CBPCF I) and the 3.2-billion-yuan China Business Park Core RMB Fund II as its first series of business park private funds in China, according to a recent company statement.

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