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CapitaLand Investment establishes first onshore RMB fund in China

Felicia Tan
Felicia Tan6/22/2022 08:01 AM GMT+08  • 3 min read
CapitaLand Investment establishes first onshore RMB fund in China
CapitaSky and Capital Tower. Photo: CapitaLand Investment
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CapitaLand Investment (CLI) has established its first onshore RMB fund in China. The fund was established in partnership with a domestic asset management company.

CLI will hold a 12% stake in the RMB700 million ($144 million) fund.

The fund will be acquiring a quality office building in Shanghai at an attractive price, capitalising on a “special situation opportunity” arising from China’s current market environment.

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