Shanghai, March 29, 2023 – DNE, a leading new economy infrastructure investor, developer and operator in China, announced today that it has established an renminbi fund (“Fund”) in partnership with a number of leading Chinese institutional investors to pursue investment opportunities in high-quality new economy infrastructure assets located in key economic hubs in China, with a total investment of RMB6 billion (US$870 million).
The seed assets and pipeline assets of the Fund are distributed across the Yangtze River Delta, the Beijing-Tianjin-Hebei region, and other key city-clusters, serving and supporting the vigorous development of new economy enterprises in various sectors including local retail, e-commerce, manufacturing, cold chain, and logistics.
Under the changing market environment, long-term institutional investors have been paying more attention to the stability and growth of rental income. The establishment of the Fund marks another significant endeavor of DNE in partnership with institutional investors, with DNE leveraging its expertise and resources to act as both the fund manager and the asset manager. The high-quality asset portfolio of the Fund is expected to provide stable cash flow and investment returns to the investors.
“We are pleased to work with leading professional investors in China in a partnership that we believe will create great synergy and win-win. With deepening urbanization and the development of private consumption in China, we expect the new economy infrastructure in China’s key economic hubs will remain in short supply and resilient,” said Sun Dongping, Chairman and CEO of DNE.
“The Fund is one of the largest renminbi funds set up by DNE after the group was formed through the merger of D&J China and New Ease China. Its successful fundraising illustrates Chinese institutional investors’ recognition of DNE’s investment and management capabilities as well as our investment performance. DNE will continue to optimize the asset management and improve the investment returns, striving to create a professional investment platform specialized in new economy infrastructure in China for investors,” he added.
DNE is a leading new economy infrastructure investor, developer and operator in China with over $15 billion in AUM and GFA over 14 million square meters across multiple verticals, including logistics and cold chains, life sciences and modern manufacturing parks, urban redevelopment, and data centers. DNE provides a full range of integrated infrastructure solutions to new economy clients, meeting their needs in R&D, manufacturing, warehousing and corporate headquarters. With a seasoned management team, DNE provides comprehensive capabilities spanning from acquisition, development and construction to asset and fund management. DNE aspires to deliver sustainable long-term value to its new economy clients, capital partners and stakeholders.
For more details about DNE, please visit www.dnegroup.com.