Standard Chartered Private Equity SCPEL announced yesterday it had completed a HK$370 million $47.74 million investment in Greentown China Holdings, a leading property developer in China. This marks SCPELÆs second investment in the China real estate sector this year following the Shimao Property Holdings transaction and is indicative of the growing interest of financial investors in real estate in China.
Greentown is headquartered in Hangzhou and develops property in the Yangtze River Delta, particularly Zhejiang. It has grown to a national player with operations across first and second tier cities in China. The Greentown brand has become well known across the country.
On the occasion Karam Butalia, Global Head, SCPEL comments ôWith the...
¬ Haymarket Media Limited. All rights reserved.