Shanghai, October 30, 2023 – DNE Group (“DNE”), a leading new economy infrastructure investor, developer and operator in China, announced today to establish a modern manufacturing park development joint venture platform (“JV Platform”) with a leading global institutional investor. With a total investment capacity of more than US$700 million, the JV Platform will invest in industrial park for advanced research and manufacturing focus in China’s core economic hubs.
The seed assets of the JV Platform, distributed across core industrial zones in Shanghai and the Yangtze River Delta, will serve enterprises in advanced research and manufacturing sector. With the sector becoming a national industrial structure upgrade strategy and new engine of economic growth in China, the demand for high-quality industrial park grows strong. DNE has long been insightful of this trend and actively building new economy industrial clusters by leveraging its first-mover advantages and long-established resources in the related area.
“China’s industrial structure upgrade brings new development opportunities, and global institutional investors continue to be optimistic in this sector. This JV platform marks another achievement of our continued effort to actively explore premium workshop assets and support the development of real economy,” said Mr. Sun Dongping, Chairman and Chief Executive Officer of DNE Group.
“It also illustrates the investor’s recognition of DNE’s outstanding track record in investments in industrial park, and its unique exit channel of DNE New Economy REIT – one of China’s first industrial workshop REITs. DNE will continue to build professional investment platform of new economy infrastructure for investors by leveraging its advantages in industrial infrastructure investment and development, asset management, and industry resources,” he added.
About DNE
DNE is a leading new economy infrastructure investor, developer and operator in China with over $16 billion in AUM and GFA over 14 million square meters across multiple verticals, including logistics and cold chains, modern manufacturing park, life sciences park, and urban redevelopment. DNE also runs DNE Capital, a private equity investment platform focusing on new economy industry investment. 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.
Media Contact
DNE Group
Christy Zhang
christy.zhang@dnegroup.com
