GT Financial is wholly-owned by Poly Investments Holdings, a Hong Kong-listed conglomerate with a range of PRC activities. It is not related to the state-owned China Poly Group.
Targeted fundraising is $300 million to $400 million over the next two to three years. Maximum leverage will be 100% of net asset value.
The open-ended fund will invest by making direct purchases in first- and second-tier mainland cities, picking up commercial properties, retail shopping malls, industrial sites, hotels and car parks. The core investment will be officecommercial, with 50%-75% of allocations.
Opportunities GT has identified in Chinese real estate...