Wing Tai $1bn Chinese real estate joint venture

[photopress:WingTai.jpg,full,alignright]Wing Tai Holdings (the illustration comes from part of its quite snazzy web site) has announced it will form a $1 billion joint venture with three other partners to invest in Chinese real estate.

The retail and property group said the other partners were Germany‘s SEB Immobilien-Investment, Israel‘s Eilam Group and US-based Forum Partners. Wing Tai Holdings states the joint venture will have a capital base of $450 million and will lead the joint venture in identifying opportunities and managing ventures in China.

Source: The Bullrun Report