As China e-commerce booms, private equity sees room for growth in storage space

By Elzio Barreto HONG KONG (Reuters) – When U.S. private equity heavyweight Warburg Pincus [WP.UL] started looking at China's logistics sector in late 2009, there were more modern warehouses in Boston than in the whole of the world's most populous country. Deep-pocket investors including Carlyle Group LP, Canada Pension Plan Investment Board (CPPIB) and Warburg Pincus have splashed $12 billion on the sector in China since 2013, says real estate consultancy Jones Lang LaSalle.

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