Sino-Ocean Land Holdings, its subsidiary Gemini Investments (Holdings) and KKR China Growth Fund have struck a deal to set up an investment platform. The venture will target attractive opportunities in China’s real estate sector to capitalize on the long-term potential. All members will provide $71 million each to the platform, adds The Wall Street Journal. The platform will concentrate on middle-income residential housing in the country’s rapidly growing cities. Sino-Ocean currently has 57 projects across China at different development stages.
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