Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Tuesday, June 24, 2008

CapitaLand in China property fund venture

CAPITALAND Ltd, Southeast Asia's biggest developer by sales, and China's biggest state-owned investment firm Citic Group, formed a 500 million yuan (US$73 million) fund to invest in the country's business parks.

CapitaLand will hold a 50 per cent stake in the real estate private equity fund, while Chinese investors will own the rest of the developer's first yuan-based fund, the companies said in a statement to the Singapore exchange.

The Citic CapitaLand Business Park Fund is Singapore-based CapitaLand's seventh private-equity fund in China.

By Bloomberg

No comments: