- Inaugural open-ended fund with “build-to-core” strategy focused on China logistics
- MCLIP aims to generate long-term, consistent total returns of more than 10% per annum and a growing distribution yield
- The Fund is initially seeded with a portfolio of 43 Grade A logistics properties totaling 3 million square meters in NLA and diversified across both completed income generating assets as well as development projects
- As part of the Manager’s active management of the Fund’s portfolio, the Fund will undertake acquisitions and divestment of Properties from time to time
Mapletree China Logistics Investment Private Fund (MCLIP) is a logistics-focused open-ended private fund, aiming to generate long-term, consistent total returns with a growing distribution yield. The Fund’s investment objective is to deliver a “build-to-core” strategy, by active management of a diversified portfolio of institutional grade logistics assets across key cities in China. The Fund is initially seeded with 43 Grade A logistics properties comprising 19 completed properties and 24 development projects. These properties are strategically located in key logistics hubs and in close proximity to major logistics infrastructures such as cargo airports, ports, intermodal nodes and railways, or industrial zones in the greater metropolitan areas and serve high quality e-commerce, third-party logistics and end user oriented tenants.
MCLIP will undertake a capital recycling strategy to optimise the Fund’s portfolio on a regular basis, in order to potentially realise development profits and/or capital appreciation. The proceeds of divestments can be redeployed towards higher yielding development expansion projects, to continuously scale up and further enhance its portfolio of modern logistics properties. MCLIP is an open-ended fund with an aggregate committed capital of US$0.9 billion.
Mapletree Investments Pte Ltd (Mapletree) is the sponsor of MCLIP and MCLIP is managed by Mapletree Real Estate Advisors Pte. Ltd. (MREAL), a wholly-owned subsidiary of Mapletree.
Fund Overview |
Fund Type |
Private Fund
|
Legal structure |
Singapore Limited Partnership |
Vintage |
2022 |
Asset Class |
Logistics |
Investment Universe |
China
|
Initial Term
|
N/A (Open-ended fund) |
Fund Size1 (US$ bn) |
0.9 |
[Initial Portfolio Value on Completion]1 (US$ bn)
|
1.7
|