All Annotations of GE Real Estate Enters China With US $20 Million Investment in CITIC Capital Vanke Chi... - Mar. 22, 2006[Preview]

saved byMaggie Tsai on 2006-04-09

• GE Real Estate Enters China With US $20 Million Investment in CITIC Capital Vanke China Property Development Fund
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  The Fund, together with China Vanke Co., Ltd., the largest publicly listed real estate developer in China, plans to invest a total of US $100-150MM in residential real estate assets in specified economically developed regions in China, including the Pearl River Delta Region, the Yangtze River Delta Region, the Pan Bohai Region and other selected inland cities.
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  The Fund will be managed by CITIC Capital, a member of the CITIC Group (CITIC), a Chinese transnational financial services conglomerate. China Vanke Co., Ltd. will be the exclusive development manager for all Fund investments. A CITIC group entity and China Vanke Co., Ltd. will also make a substantial capital commitment to the Fund. The Fund will be domiciled in the Cayman Islands and governed by Cayman Islands law
• Also, we will be exploring investment opportunities in other asset types throughout China, including retail, hotel, office and industrial properties. We have a pipeline of deals totaling several hundred million dollars which we will review as we move forward. We see great potential in China.

• on 2006-04-09 Maggie_diigo
  Wall St. journal 3/22/06 -- RE Real Estate to launch China Fund