Mingtiandi

Asia real estate and outbound investment news

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Remember Me

Lost your password?

Register Now

Loading...
  • Capital Markets
  • Events
    • Mingtiandi 2025 Event Calendar
    • Mingtiandi APAC Residential Forum 2025
    • Mingtiandi Singapore Forum 2025
    • Mingtiandi APAC Logistics Forum 2025
    • Mingtiandi APAC Data Centre Forum 2025
    • Mingtiandi Tokyo Forum 2025
    • More Events
  • MTD TV
    • Residential
    • Logistics
    • Data Centre
    • Office
    • Singapore
    • Tokyo
    • Hong Kong
    • All Videos
    • Post-Event Stories
  • People
    • Industry Moves
    • MTD TV Speakers
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail
  • Research & Policy
  • Advertise

China Vanke Shuffles Investors as Logistics Fund Shrinks Over 50%

2018/12/19 by Emma Zhou Leave a Comment

Vanke old Chain Guangdong

Vanke took over Swire’s cold storage facility in Guangdong in July

China Vanke has announced to the Hong Kong Stock Exchange that its logistics real estate fund has shuffled investors, with the investment vehicle shrinking by over 50 percent to RMB 2.95 billion ($430 million).

Vanke, China’s second-largest real estate developer in terms of sales in the first half of 2018, said it has brought three new partners — Taikang Life Insurance, Grand China Fund, and Qianhai Hanghui — into the fund, which was founded in 2017 and once was invested to the tune of RMB 6 billion. The fund targets logistics projects in China.

Grand China Fund will now manage the fund in place of Shenzhen Putai Investment, which has withdrawn, Vanke said

Taikang Life Takes Leading Stake

Following the reorganisation of the fund, Taikang Life Insurance is now the biggest investor of the seven major partners, with a 46.82 percent share worth RMB 1.38 billion and Qianhai Hanghui holds a 13.53 percent share of the fund worth RMB 400 million.

Jiangsu International Trust, formerly the fund’s biggest investor, has also withdrawn its money, Vanke said. The government-owned trust contributed RMB 3.6 billion to the fund in October 2017, at the time accounting for 60 percent of the financing.

Yu Liang Vanke

Vanke boss Yu Liang may be a bit disappointed with his downsized shed fund (Source: Yicai.com)

Vanke also reduced its own commitment to the slimmed down fund by nearly RMB 500 million to RMB 1.01 billion, although its proportional stake in the initiative rose from 25 percent to 34.16 percent due the to smaller overall pool.

The Shenzhen-based developer said the adjustment of investors occurred because of “changes of policy and negotiations between partners,” although it is generally believed that Vanke wants to expand its influence over the fund.

Three other investors — Dongguan Boyu Import Logistics, Ganyuansheng Investment, and Feihong Yihao Investment — have all reduced their investments in the fund in the latest round of adjustments.

Vanke Grows Logistics Portfolio

In recent years, China Vanke has paid increasing attention to developing its logistics business. In July 2017, it led a consortium in taking over Global Logistics Properties (GLP), the largest operator of warehouses in China. The consortium paid US$11.6 billion in the deal, and delisted GLP from the Singapore Exchange to take it private.

Since becoming the largest shareholder of GLP, Vanke has launched 54 new logistics projects in the mainland, including logistics parks in Shanghai, Ningbo, Hangzhou, and Tianjin. In July it acquired Swire Properties’ cold-chain business — a total of seven cold storage centres in Shanghai, Guangzhou, Nanjing, Chengdu, Xiamen, Langfang and Ningbo.

Vanke now operates 110 logistics centres, totaling 7,300,000 square metres (78,576,546 square feet), in 36 cities around China.

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: Logistics Tagged With: China Vanke, daily-sp, Grand China Fund, highlight, Logistics, Logistics fund, Taikang Life Insurance

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Mingtiandi Delivered

  • This field is for validation purposes and should be left unchanged.

MTD TV

MTD TV
APAC Logistics to Get Another $200B in Investment Says JLL: MTD TV
SDAX Ties Up With ESR $1.5B Asia Data Centre Fund: MTD TV

More MTD TV Videos>>

People in the News

singh-anshuman
Asia Real Estate People in the News 2025-06-16
Raymond Lee Paul Hastings
Law Partner Picks Up Hong Kong Home of Former Birmingham City Boss for $37M
Teo Chee Hean Temasek
Asia Real Estate People in the News 2025-06-09
Lincoln Pan Jardines
Asia Real Estate People in the News 2025-06-02

More Industry Professionals>>

Latest Stories

South City Mall in Kolkata
Blackstone Buys Kolkata Mall From Developer South City for $377M
Duke Lee, Head of Investment & AM, Pebblestone
APG, Pebblestone, Invesco See Korean Sheds Overcoming Trade War: MTD TV
Amazon Web Services CEO Matt Garman
Amazon to Invest $13B in Aussie Data Centres and More Asia Real Estate Headlines

Sponsored Features

How to Create a Win-Win for Investors and Occupiers
Lingeage Logistics Cold Storage Complex
Mount Maunganui Cold Storage Facility for Sale
7 in 10 Senior Directors Confident in Data Centres, but Talent Shortage Will Widen

More Sponsored Features>>

Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • Mingtiandi 2025 Event Calendar
  • MTD TV Archives
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail

More Mingtiandi

  • About Mingtiandi
  • Contact Mingtiandi
  • Mingtiandi Memberships
  • Newsletter Subscription
  • Advertise
  • Terms of Use
  • Privacy
  • Join the Mingtiandi Team


© 2007-2025 China Advertising Media Ltd (Samoa). All rights reserved.

We use cookies in accordance with our Privacy policy to provide the best user experience on Mingtiandi and to safeguard user data. By continuing to browse you consent to the policy. AcceptRefuse