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.
