CAPITALAND SETS UP YUAN PROPERTY FUND

CAPITALAND SETS UP YUAN PROPERTY FUND

 

CAPITALAND has partnered Citic Trust, China’s largest trust services firm, to establish the nation’s first yuan-denominated real estate private equity fund.

 

The Citic CapitaLand Business Park Fund will invest in business parks in China. It was closed on June 6 after raising 500 million yuan (S$99.3 million).

 

CapitaLand has a 50 per cent stake, while local Chinese investors have subscribed to the rest through the Citic CapitaLand Business Park Trust Plan.

 

Source: Straits Times

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