War­burg Pin­cus bets on China in­dus­trial parks

China Daily (Canada) - - BUSINESS -

D&J In­dus­trial Prop­erty (China) In­vest­ment Co Ltd has raised $220 mil­lion from its founder and from pri­vate equity fir­mWar­burg Pin­cus LLC, look­ing to ex­pand its busi­ness parks and in­dus­trial fa­cil­i­ties in China. The in­vest­ment fol­lows an ear­lier fund­ing round of about $200 mil­lion byWar­burg Pin­cus and D&J China’s founder Sun Dong­ping into the com­pany, War­burg Pin­cus said in a state­ment. The pri­vate equity firm has about $2.4 bil­lion in prop­erty in­vest­ments in China, in­clud­ing a stake in ware­hous­ing de­vel­oper Shang­hai e-ShangWare­hous­ing Ser­vices Co Ltd, which is also owned by D&JChina’s Sun. $400,000. Fred­eric Poux, chair­man of Alain Af­flelou’s man­age­ment board, said it will fo­cus on pro­mot­ing self-owned brand Af­flelou-Paris in China, and the group’s first stores will be opened in Chongqing. arch-ri­val The Boe­ing Co in the race for neworders. Air­bus made 2.7 bil­lion euros ($3 bil­lion) last year, up from 2.3 bil­lion euros in 2014, the com­pany said onWed­nes­day. com­pared with av­er­age growth rates over the past decade.

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