26 April 2019

Property firms see new market in nursing homes, WSJ says

Several firms that have a lengthy track record in Chinese real estate are looking to manage elderly-care facilities in the country, the Wall Street Journal reported Monday. Among those is Shanghai-based Sino-Ocean Land, which recently teamed up with the healthcare arm of Columbia Pacific of the US to build and manage a 110-bed facility in Beijing called Senior Living L’Amore Kaijian, it said. Columbia Pacific’s Cascade unit had also joined forces with Shanghai Shengyuan Development Co. for a facility in Shanghai’s Xuhui district and it is planning another one with the same local partner in the city’s Pudong area, the report added.

– Contact HKEJ [email protected]



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