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Singapore Mapletree Bets on Beijing, Shanghai Real Estate
Singapore real estate developer Mapletree Investments Pte Ltd. on July 28, 2010 announced that it would start a private equity fund specializing in the real estate investment on the Chinese market, especially first- and second-tier cities such as Beijing and Shanghai.
The fund is designed to mainly engage in projects integrating residential use, commercial use, and retail.
The developer, which is a real estate arm under Temasek Holdings that is an investment company owned by the government
of Singapore, earlier mainly made investment on the Chinese market via the Mapletree China India Fund. The fund, with a scale of USD 1.16 billion, specializes in the office building, and retail and residential real estate in China and India, two emerging markets, and 60% to 80% of the fund is invested on the Chinese market.
The developer currently has assets of about CNY 60 billion under management, including office building, retail, logistics, industry, and high-tech industrial park.
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