Friday, 31 October 2014
Last updated 15 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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