standard-chartered-private-equity-completes-china-property-investment

Standard Chartered private equity completes China property investment

Standard Chartered's private equity arm invests in recently listed Greentown.
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...
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