[photopress:property_e_house_1.jpg,full,alignright]Chinese real estate services company E-House (China) Holdings has announced a US$100 million E-House China Real Estate Investment Fund. E-House Real Estate Asset Management Limited, will manage the fund and collect annual management fees and a share of any profits generated by the fund.
E-House chairman and CEO Xin Zhou said the fund ‘will have a unique competitive advantage through its access to E-House’s in-depth knowledge and broad information channel in China’s real estate industry, which enables us to better analyze and capture potential market opportunities.’
E-House itself did not invest in the fund, but two of the company’s directors invested a total of US$28 million.
E-House’s primary business is providing sales and marketing outsourcing services to mainland China real estate developers.