Hong Kong’s RP Capital To Launch China Property Fund

Feb 23 2011 | 8:29am 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.

 


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of