Regions

The Carlyle Group, a US buyout company, said on Thursday that it will form a partnership with US investment management firm Townsend Group to invest USD200 million into the logistics business platform for the Chinese market. The new logistics platform will have a network of warehouses located in prime cities and an aggregate floor area of over 1.8 million meters.

The funds would be used to contract local warehouse operator and developer Shanghai Yupei Group in building 12 logistics warehouses and buy the latter's 5 existing warehouses. Shanghai Yupei would also put in USD200 million as part of its strategic partnership with both US firms.

The new logistics warehouses to be build by the Chinese developer would be located in prime cities like Shanghai,Guangzhou and Beijing, and in other cities like Hefei, Zhengzhou, Shenyang and Tianjin.

The Carlyle Group manages around USD180 billion through its 118 funds as per June 30 of this year. The Townsend Group was nominated as 2010 Global Investment Manager of the Year by UK-based Private Equity Real Estate Magazine.