Maples and Calder, the Maples Group's law firm, was pleased to advise the logistics arm of CITIC Capital Holdings Limited ("CITIC Capital"), CCRE China Logistics Limited ("CCRE China") on the set up of CC SF China Logistics Properties Investment Fund, L.P. ("the Fund") with Prosperity Sino Limited ("Prosperity Sino"). The Fund which completed on 30 October 2020 was valued at approximately US$300 million and will be invested in logistics properties in China's top-tier cities and others.
CITIC Capital, founded in 2002, is a Hong Kong-headquartered global alternative investment management and advisory company that manages over US$30 billion of capital from a diverse group of international institutional investors. The firm currently employs over 300 staff members throughout its offices in Hong Kong, Shanghai, Beijing, Shenzhen, Tokyo and New York.
S.F. Holding Co., Ltd. （"S.F. Holding"） headquartered in Shenzhen, China, is the parent company of Prosperity Sino. The company is one of China's leading comprehensive service providers of express logistics, which provides domestic and international integrated and comprehensive logistics solutions and logistics services including warehousing management, sales forecasting, big data analysis, and financial management. After completing a major asset restructuring, S.F. Holding was officially renamed and listed on the Shenzhen Stock Exchange in 2017. It is a constituent of SZSE 100 Index.
This is not the first time CITIC Capital and S.F. Holding have joined hands with the two company's forging a number of long-term partnerships over the past number of years.
A team based in the Group's law firm in Hong Kong advised on this transaction and was led by Ann Ng, a Partner in the Funds & Investment Management practice, and assisted by Associate Anna Chen.