China real estate attracts further private equity

Standard Chartered private equity invests $35 million in Sino Ocean Real Estate Development, marking its third investment in China's real estate sector in less then a year.

Standard Chartered Private Equity SCPEL invested $35 million in Sino Ocean Real Estate Development, says Karam Butalia, global head. As with its earlier real estate investments, SCPEL did not disclose what stake the investment represented.

Sino Ocean operates in Beijing and is expanding in markets in the Bohai Economic Zone including Tianjin, Dalian, and Shenyang, and Zhongshan in the Pearl River Delta. Sino Ocean develops residential products for mid-market customers and office buildings for corporate clients.

In 2006 SCPEL made...

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