SUBSCRIBERS
Ivanhoe Cambridge leads investment in China developer
Published Tue, Jun 23, 2015 · 09:50 PM
Montreal
IVANHOE Cambridge, the real estate arm of a top Canadian pension fund, said on Monday that it led a US$920 million capital raising in Shanghai developer Chongbang Group, as it and others in its consortium look to Asian markets for higher returns.
This is the second institutional capital raising for Chongbang, which was created in 2003 in Hong Kong by Singaporean and Hong Kong investors.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Hong Kong property deals hit three-year high in April
More homes planned in Media Circle to support housing demand
Qatari Sheikh sells London mansion to fellow royal for £39 million
Toronto home sales fall for third month in April; prices rise
Far East Shopping Centre owners in private talks after close of S$928 million en bloc tender
US mortgage rates up for fifth week at 7.22%