Press Release (ePRNews.com) - KWUN TONG, Hong Kong - May 31, 2016 - BPS Global Group (“BPS Global”), a leading provider in warehousing and logistics infrastructure in Hong Kong, would like to announce that an agreement on its collaboration with the Real Estate Group of CITIC Capital Holdings Limited (“CITIC Capital”) has been signed, joining efforts to explore development opportunities in the logistics real estate market in China.
CITIC Capital will set up a China-focused logistics real estate fund/investment platform, making major investments in business hubs of Mainland China, acquiring and developing quality logistics real estate projects. As partner of CITIC Capital, BPS Global will provide quality professional services for CITIC Capital’s fund/investment platform on project sourcing as well as evaluating, tapping and co-investing in potential logistics projects in China. The collaboration is definitely a major milestone signifying the strategic advancement of both parties in the logistics real estate market in China.
CITIC Capital Holdings Limited, an investment management and advisory company of CITIC Group Corporation, has its real estate investment management and advisory arm providing management service for the logistics real estate projects joined by international institutional investors in China. CITIC Capital is well-known for its valuable experience and network resources in international investment, acquisitions and international business co-operation. BPS Global, with its services in warehousing and logistics infrastructure spreading throughout the Asia-Pacific Region, has its assured competitiveness and strengths in formulating feasible solutions and adopting advanced practices that best fit logistics real estate projects ahead in China. The profound competence and experience of BPS Global can thus address the market interest targeted by CITIC Capital in the logistics real estate in China, enlarging and sustaining its market share for profits and growth.
Gladly commenting on the collaboration, the President of BPS Global, Mr. Vincent H. K. Cheung said, “We are happy to collaborate with CITIC Capital as partners. CITIC Capital shares the same vision with BPS Global. The collaboration, we believe, is key to furthering our strides in expanding our work and services in the market of China. Our core strategic partnership with the renowned enterprise of CITIC Capital is crucial for our growth, in both the short run and the long run. We are certain that this collaboration will bring about business advancement by far for both parties, -thus generate mutual benefits through making use of each other’s strengths and long-gained experience in different aspects.”
About BPS Global Holdings Limited
Headquartered in Hong Kong, China, BPS Global Group (“BPS Global”) has been a leading warehousing and logistics infrastructure provider since its establishment in 1992. Leveraging over nearly 25-years’ of experience in the development and management of logistics infrastructure and logistics facility, BPS Global has been delivering contemporary and diversified logistics infrastructure solutions to clients, with its business traversing across multiple industries all over the Asian-Pacific Region. For more information, please visit: www.bps-group.net.
About CITIC Capital Holdings Limited Source :
Founded in 2002, CITIC Capital Holdings Limited (“CITIC Capital”) is an alternative investment management and advisory company. The firm manages USD5 billion of capital from a diverse group of international and Chinese investors. Core businesses include Private Equity, Real Estate, Structured Investment and Finance, Asset Management and Venture. CITIC Capital currently employs over 200 staff members throughout its offices in Hong Kong, Shanghai, Beijing, Shenzhen, Tokyo and New York. The firm combines a deep knowledge of the Chinese business and financial markets with world-class investment expertise to create and maximize value for its investors. For more information, please visit www.citiccapital.com.