APAC-focused private markets investment firm C Capital has acquired a 507-hectare strategic landholding in Victoria, southeast Australia, to tap into the region’s long-term demand for logistics, industrial, and data centre assets.
The transaction value remains undisclosed. DealStreetAsia has learnt that the acquisition involved a private credit structure, with AquAsia serving as the loan arranger and joint financier.
C Capital said in a statement that it has partnered and appointed Lendlease, an Australian-listed real estate and infrastructure group based in Sydney, as the Master Development Partner for this project. Upon completion, the developed land is expected to have an estimated end value of approximately A$4.5 billion (nearly $3.2 billion).
The acquisition reinforces C Capital’s long-term commitment to Australia as a core pillar of its pan-Asia investment platform. The deal also marks C Capital’s first large-scale infrastructure-focused investment in Australia, following its acquisition of the Australia-based Richmond Funds Management in February 2025. Richmond Funds Management was rebranded as C Capital Australia post the transaction.
C Capital said that it intends to expand its real assets and infrastructure-linked strategies, alongside its established growth-stage investment platform across pan-Asia markets.
The newly-acquired landholding is located within Victoria’s planned Northern Freight Precinct in Beveridge, one of Victoria’s key connections to the Inland Rail project. The region is set to transform freight and logistics operations across metropolitan Melbourne, while supporting broader industrial and commercial development in the area.
“This investment represents a significant step in the build-out of our Australian platform and reflects our confidence in the long-term fundamentals of Victoria’s industrial and logistics market,” said Seil Kim, C Capital’s partner and co-head of Australia.
Established in 2017 with Adrian Cheng from Hong Kong’s Cheng family being a co-founder, C Capital merged with the Swiss-listed Youngtimer AG in November 2024 to reposition itself as an APAC-centric global investment company with operations across offices in Hong Kong, Beijing, Shanghai, Zurich, and Sydney.
With over $1 billion in assets under management (AUM), C Capital operates a private equity (PE) business investing in venture to growth-stage companies across consumer, consumer tech, deep tech, and emerging technology companies, with its portfolio including the likes of Chinese fast-fashion online retailer SHEIN and social media app RedNote. The firm also leverages its global market access to invest across private debt and control opportunities.
