trending Market Intelligence /marketintelligence/en/news-insights/trending/sPCqKwTUC9JNBs-awPQyyw2 content esgSubNav
In This List

Actis, New Ease commit US$200M to Chinese logistics property JV


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Actis, New Ease commit US$200M to Chinese logistics property JV

Fund manager Actis and Chinese company New Ease committed to investing US$200 million in a 70/30 joint venture that will develop logistics properties in China, IPE Real Assets reported.

The allocated amount will be used for the construction of properties in the Chinese municipalities of Chongqing and Tianjin, as well as the city of Quanzhou, according to the publication.

Brian Chinappi, partner and head of Actis Asia Real Estate, said the company intends to jointly develop the properties with New Ease and hold them for three to four years for stabilization purposes and subsequently exit to core investors.

Actis' investment in the joint venture will be sourced from the company's US$600 million Actis Asia Real Estate Fund I, which will be fully invested following the capital injection, the Jan. 16 report added.