RRJ Capital and SeaTown to Invest US$250 Million in Logistics Warehouse Developer Yupei (Asia)
Source: Shanghai Yupei Group
Asia-focused private equity firm RRJ Capital and Singapore-based investment manager SeaTown Holdings International have agreed to invest US$250 million in Shanghai Yupei Group, a China-based logistics warehouse developer. This investment follows a US$200 million financing round for Yupei completed last year by global private investment firm The Carlyle Group and real estate investment management firm The Townsend Group. The combined investments will support Yupei’s national expansion plans.