Forum Partners plans new fund to target China property

Hong Kong

FORUM Partners, a global property investment firm with US$130 million invested in China, is planning a new pan-Asian fund to take advantage of a trough in the nation's real estate market this year.

"What worries me most about China is that we'll miss the window," said Gregory Wells, a Hong Kong-based managing director at Forum, which manages about US$4 billion of assets globally. "I think it's a great time personally. Things have bottomed out."