DEALS
Zhonglun Advised on Carlyle and Townsend 400 Million USD Investment on Logistics Real Estate Project
Zhonglun Advised on Carlyle and Townsend 400 Million USD Investment on Logistics Real Estate Project
On August 29, 2013, American private equity fund Carlyle Group and the American investment management company Townsend Group announced that both parties will jointly acquire and develop 17 logistics warehouses in China to build a logistics platform in China.
Carlyle and Townsend has successfully acquired 5 logistics warehouses owned by Shanghai Yupei Group, and will invest and build 12 more warehouses within two years with Yupei. The total investment of this strategic partnership is expected to amount 400 million US dollars.
Zhonglun Law firm represented Carlyle Group and Townsend Group and provided full legal service in this transaction, the team of Zhonglun was led by Partner Anthony Qiao and Ellen Chan, and included Partner Wang Lijuan, Partner Mei Shunjian, Sally Jiang, Gavin Guo and other associates.
17 logistics warehouses involved in this collaboration located in major logistics hubs of China, including first-tier cities like Shanghai, Beijing and Guangzhou and some second-tier cities like Shenyang, Tianjin, Chongqing, Zhengzhou and Hefei. After the completion of this investment, such strategic cooperation platform will own and operate a nationwide network of warehouses which has over 1.8 million square meters in construction area and provides warehousing services to diversified customers.
The equity funds that Carlyle invested in this collaboration come from the Carlyle Asia Real Estate Fund. In China, up to now, the total assets which invested by the Carlyle Asia Real Estate Fund is expected to had reached 3.1 billion US dollars.
Professionals
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Anthony QIAO
Equity Partner
ShanghaiPractices： Chinese Mainland Capital Markets,Hong Kong & Overseas Capital Markets,Financial Products & TrustsIndustries： Real Estate,Urban Infrastructure,Transportation & Logistics,Tourism & Hospitality,Energy & Power,Insurance,Healthcare -
Anthony QIAO
Equity Partner
Shanghai
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