Metcold has confirmed an agreement with BlackRock Real Assets, where funds managed by BlackRock Real Assets will invest in a portfolio of cold-storage facilities in China. The assets are held in Metcold Opportunity Funds I and II.
Serge Lauper, BlackRock’s global head of infrastructure solutions, said, “We are delighted to invest in this growing infrastructure sector in China and participate in a uniquely attractive and resilient theme tied to the modernization of China’s food logistics chain, improved safety and reduced food wastage.”
Metcold will continue to serve the rapidly growing consumption in China, as well as focus on building reliable, efficient modern cold-chain facilities in order to provide safe, fresh and healthy food to China’s consumers. Metcold currently manages 15 cold-chain infrastructure facilities with a total investment of over RMB 6 billion ($930 million), total planned gross floor area of 1.3 million square meters and cold-storage cap
