Warburg Pincus, Legend forge real estate deal

The global private-equity investor will place an initial $31 million into China projects.

Global private-equity player Warburg Pincus, with $12.5 billion under management, has teamed up with Legend Holding's real estate arm, Raycom Real Estate Development, in a strategic cooperation agreement to jointly invest in and develop projects in China.

Initially, Warburg Pincus will invest $31 million in projects Raycom is now developing, including Olive City, a large mid-end residential development in northeast Beijing. The partnership will also invest in commercial developments, in both first- and second-tier cities.

...

To continue reading, please login or register for free

Click for more on: warburg | pincus | legend | forge | real | estate | deal

Print Edition

FinanceAsia Print Edition

CONFERENCES