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Sign in Sign up for a FREE subscriptionQuadReal Property Group forms $1b Chinese JV
Warburg Pincus–backed logistics platform New Ease has entered a partnership with Canadian pension fund manager QuadReal Property Group to invest in and develop logistics properties in Chinese cities, with a total equity commitment of up to $1 billion, according to media outlets.
The partnership, called New Ease Gold Development LP, will be seeded with a plot in Suzhou, just west of Shanghai, which New Ease and QuadReal expect to develop into a regional distribution center for new-economy enterprises, supporting logistics demand in the area, according to a statement from New Ease.
