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Mapletree closes China fund

by Andrea Waitrovich

Mapletree Investments held a $1.4 billion final close for its Mapletree China Opportunity Fund II in September. MCOF II is one of the largest China-focused private equity real estate funds raised to date.

Seeded by two mixed-use development projects, MCOF II was closed within 10 months of its marketing launch in October 2012, and just two months after its first closing at the end of June 2013 with $1.1 billion. 

The seed properties represent approximately 15 percent of the fund, and both assets are under construction. The properties are Mapletree Minhang Development Project, located in the Xinzhuang CBD in Shanghai, and South Station Enterprise City, located in Sanshan New City in Foshan.

The fund’s predecessor, Mapletree China Opportunity Fund, held its final closing in 2008 and fully committed its capital to projects in mid-2012.

MCOF II will continue the group’s stra

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