24 September 2018

Foreign real-estate developers step up China plans, WSJ says

Foreign real-estate developers are increasingly raising funds to invest in warehouses and shopping malls in China, muscling in on an area that had been usually dominated by private-equity firms, the Wall Street Journal reported Tuesday. After a dip in fundraising last year because of uncertainties stemming from China’s leadership change and its property-tightening measures, investors are warming to the property sector once again, the paper said. Developers and their subsidiaries have raised US$3.5 billion for China projects so far this year, surpassing the US$2.2 billion raised in all of 2012 and just shy of the US$4.0 billion raised by private-equity and other fund managers, according to the report.

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