CIC, Greentown partner for real estate JV
China Investment Corporation (CIC) has teamed with domestic property developer Greentown Group to launch an RMB2 billion ($313.3 million) real estate joint venture that will build office buildings for local government bodies.
According to Caixin, the joint venture will be backed by investors including: The Blackstone Group Blackstone, which committed RMB200 million; Jianyin Investment, which pledged RMB1.2 billion; Greentown...
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