Mapletree Expands China Presence with $320M Guangdong Project
Mapletree, the renowned property investment arm of Singapore's state-owned Temasek Holdings, announced a significant expansion of its China portfolio on Monday. The company's private real estate fund, Mapletree India-China Fund (MIC Fund), is set to develop a substantial property in China's Guangdong Province, valued at approximately US$320 million.
Investment Overview
- Location: Nanhai district, Foshan city, Guangdong Province
- Project Timeline: Expected completion within 5-8 years
- Funding Partners:
- Mapletree India-China Fund - 80% stake
- Guangzhou Southern-Donald Scientific Technology Co - 20% stake
Strategic Context
This high-profile investment marks MIC Fund's third foray into the Chinese market, following successful engagements in:
- Residential Development in Xi’an
- Acquisition of an Office Building in Beijing
- Now, the Guangdong Province Mixed-Use Project
The collaboration with Guangzhou Southern-Donald Scientific Technology Co underscores Mapletree's commitment to strategic partnerships, leveraging local expertise to navigate the dynamic Chinese real estate landscape.