DNE Group (DNE; ), is a Chinese

real estate investment Real may refer to: Currencies * Argentine real * Brazilian real (R$) * Central American Republic real * Mexican real * Portuguese real * Spanish real * Spanish colonial real Nature and science * Reality, the state of things as they exist, rath ...

firm. The firm focuses on

new economy The New Economy refers to the ongoing development of the American economic system. It evolved from the notions of the classical economy via the transition from a manufacturing-based economy to a service-based economy, and has been driven by ...

infrastructure investments such as

logistics center A logistics center, or depot, is a facility dedicated to logistical operations. A logistics center might be a warehouse, freight forwarder, or a repair depot. The United States Air Force (USAF) is serviced by three air logistics centers (also know ...

industrial park An industrial park, also known as industrial estate or trading estate, is an area zoned and planned for the purpose of industrial development. An industrial park can be thought of as a more heavyweight version of a business park or office par ...

s and

urban renewal Urban renewal (sometimes called urban regeneration in the United Kingdom and urban redevelopment in the United States) is a program of land redevelopment often used to address real or perceived urban decay. Urban renewal involves the clearing ...

Background

In 2014,

ESR Group ESR Group Limited (ESR) is an Asia focused Real Estate services and investment company. It focuses on building and managing logistics properties such as warehouses and distribution centers. It is incorporated in the Cayman Islands but headquart ...

co-founder Sun Dongping along with

Warburg Pincus Warburg Pincus LLC is a global private equity firm, headquartered in New York City, with offices in the United States, Europe, Brazil, China, Southeast Asia and India. Warburg has been a private equity investor since 1966. As of April 2024 the f ...

founded D&J. D&J focused on investments in industrial parks. Backers included

Bain Capital Bain Capital, LP is an American Investment company, private investment firm based in Boston, Massachusetts, Boston, Massachusetts, with around $185 billion of assets under management. It specializes in private equity, venture capital, credit, p ...

who committed a $300 million investment in 2019. In 2018, Sun and Warburg Pincus founded New Ease that focused on investments related to logistics. It would form

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

s with

JP Morgan Asset Management JPMorgan Chase & Co. (stylized as JPMorganChase) is an American multinational financial services, finance corporation headquartered in New York City and incorporated in Delaware. It is List of largest banks in the United States, the largest ba ...

Goldman Sachs Asset Management The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many international ...

and

QuadReal Property Group QuadReal Property Group (QuadReal) is a Canadian company headquartered in Vancouver that invests operates and develops company real estate. It is wholly owned by British Columbia Investment Management Corporation (BCI) and acts as its real esta ...

. On 16 December 2021, D&J and New Ease completed a "strategic merger" to form DNE. Investors who backed the new entity included

Partners Group Partners Group Holding AG is a Swiss-based global private equity firm with US$152 billion in assets under management in private equity, private infrastructure, private real estate and private debt. The firm manages a broad range of funds, struct ...

StepStone Group StepStone Group LP is a global private markets firm providing customized investment, portfolio monitoring and advice to investors. StepStone covers primary fund investments, secondary fund investments and co-investments across private equity, ...

and

Sequoia Capital Sequoia Capital Operations, LLC is an American venture capital firm headquartered in Menlo Park, California, specializing in seed stage, early stage, and growth stage investments in private companies across technology sectors. the firm had appro ...

. On 14 October 2022, DNE listed its first

REIT A real estate investment trust (REIT, pronounced "reet") is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of real estate, including office and apartment buildings, studios, warehouses, hos ...

on the

Shanghai Stock Exchange The Shanghai Stock Exchange (, SSE) is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock ...

. The REIT worth $200 million gave investors an opportunity to tap into stable rental income from four industrial parks that DNE owned. It was China's first listed REIT sponsored by a private company. On 24 October 2023, DNE and Bain Capital set up a $250 million industrial park joint venture in China. The aim was to provide high-quality modern manufacturing infrastructure initially in the

Yangtze Delta The Yangtze Delta or Yangtze River Delta (YRD), once known as the Shanghai Economic Zone, is a megalopolis generally comprising the Wu Chinese, Wu-speaking areas of Shanghai, southern Jiangsu, northern Zhejiang, southern Anhui. The area lie ...

region. In May 2024, DNE and

Shenwan Hongyuan Shenwan Hongyuan () is a state-owned securities brokerage company in China which engages in the operation of large-scale comprehensive securities broking and trading services. The company was founded in 1996 and is headquartered in Xinjiang, Chi ...

established a 500 million yuan Pre-REIT related to industrial parks.

References

External links

* {{DEFAULTSORT:DNE Group Chinese companies established in 2021 Financial services companies established in 2021 Investment management companies of China Real estate companies of China Warburg Pincus companies

Background

See also

References

External links