Friday, 22 May 2015
Last updated 3 hours ago
Feb 23 2011 | 7:29am ET
Hong Kong-based RP Capital, an independent property fund manager, will launch an open-ended China physical property fund.
The new vehicle is a Greater China regional fund but will focus mainly on commercial properties, especially retail properties in mainland China.
The fund is open-ended with quarterly liquidity and aims to deliver consistent stable returns with low volatility through direct acquisitions of completed commercial properties with quality tenants in prime locations in major cities in mainland China.
Deutsche Bank AG will act as fund administrator, KPMG as auditor, Walkers as legal advisor, and independent property valuation will be performed by DTZ.
Foreigners investing in commercial properties in mainland China are required to set up an onshore company with specific licenses and permits. RP says it hopes to target investors who wish to diversify their investments into China but do not want to go through the rather complicated process necessary to do so.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…