Backed by international insurance companies, the RMB1.5 billion fund reflects institutional confidence in China’s logistics sector
SHANGHAI, CHINA – Mapletree Investments Pte Ltd (“Mapletree” or the “Group”) is pleased to announce the launch of its first China logistics Renminbi (“RMB”) core fund in partnership with China Life Capital1. The Mapletree China Logistics RMB Fund has a portfolio of five stabilised logistics assets with approximately RMB1.5 billion in assets under management.
Mapletree China Logistics RMB Fund has secured commitments from international insurance companies, reflecting institutional investors’ confidence in China logistics sector’s long-term growth prospects as well as Mapletree’s track record as a logistics real estate developer and operator.
Regional Chief Executive Officer of Mapletree China, Mr Goh Chye Boon, said, “Over the past two decades, Mapletree has grown into one of China’s leading logistics real estate developers and operators. The successful launch of the Mapletree China Logistics RMB Fund underscores our ability to grow our domestic investor base in China by unlocking value from stabilised logistics assets.”
Partnership with a Leading State-Owned Institutional Investor
Since entering China in 2006, Mapletree has focused on developing or acquiring modern logistics facilities as a key business strategy. Supported by the growth of e-commerce, third-party logistics, cross-border trade and domestic consumption, the Group has developed and operated more than 10 million sqm of logistics space across over 130 properties nationwide. These assets are strategically located in key gateway cities, transportation hubs and major consumption centres.
The Mapletree China Logistics RMB Fund marks the Group’s first RMB fund in China. The fund brings together a leading state-owned institutional investor and Mapletree’s asset management expertise to create value through capital recycling while delivering stable recurring income to investors.
Portfolio of High-Quality Logistics Assets
Mapletree China Logistics RMB Fund’s portfolio comprises five high-quality logistics assets located in Nanjing, Wuxi and Chengdu, with a total leasable area of approximately 382,000 sqm and an average occupancy rate of 95%.
Strategically located in the Yangtze River Delta and Chengdu-Chongqing economic regions, the assets benefit from strong market fundamentals and attract a diversified and stable tenant base comprising third-party logistics providers, e-commerce operators and advanced manufacturing companies. Several tenants have maintained long-term occupancy at the properties for close to a decade.
In line with Mapletree’s sustainability commitments, all five properties have incorporated sustainability initiatives across their design, construction, operation and maintenance, including renewable energy solutions, carbon reduction measures, energy and water conservation initiatives, and green lease partnerships with tenants. All five assets have attained LEED certification.
Backed by modern specifications, strong operational management and sustainability credentials, the portfolio is well positioned to deliver resilient long-term performance.
Active Capital Recycling Strategy
A testament to Mapletree’s capital recycling capabilities, two of the Wuxi assets in the portfolio were originally developed by Mapletree and subsequently divested to Mapletree Logistics Trust (“MLT”) in 2013 and 2020
MLT’s proposed divestment to Mapletree China Logistics RMB Fund2 highlights the Group’s ability to recycle capital across its logistics platform while enabling MLT to redeploy capital into new investment opportunities.
Mr Goh said, “We are encouraged by the improving investment environment in China’s real estate sector and the growing momentum in logistics park transactions. Going forward, we will continue to explore onshore syndication and recycling opportunities to optimise our portfolio and unlock value for investors.”
Backed by a dedicated local team with deep expertise across the real estate value chain, the Mapletree China Logistics RMB Core Fund is poised to generate stable recurring income and long-term value through proactive asset management and future monetisation initiatives.
Building on a Strong Track Record
In December 2022, Mapletree launched its first China-focused logistics private real estate fund, the Mapletree China Logistics Investment Private Fund (MCLIP), attracting strong interest from institutional investors, including leading insurance companies and endowment funds. As at 31 March 2026, MCLIP’s portfolio comprised 43 Grade A logistics assets with a committed occupancy rate of 92%, underscoring the quality and resilience of its underlying assets.
The success of MCLIP paved the way for Mapletree’s first RMB-denominated logistics core fund, further reinforcing the Group’s position in China’s logistics real estate market.
With the launch of the Mapletree China Logistics RMB Fund, the Group now manages three Singapore-listed real estate investment trusts (REITs) and 10 private equity real estate funds.
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1 The fund is managed by China Life Capital with Mapletree as the co-General Partner and asset manager.
2 MLT issued press release on 22 July 2026 titled “Proposed Divestment of Two Properties in China to Renminbi Fund led by Mapletree Investments”
