trending Market Intelligence /marketintelligence/en/news-insights/trending/3PZVpSwfja2dcjkXuY4tYw2 content esgSubNav
In This List

Gaw Capital, China SCE earmark US$800M for rental apartment JV

CASE STUDY

Deep Market Intelligence Helps a Credit Union Craft a Successful Expansion Plan

Blog

Global M&A By the Numbers: Q1 2022

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Blog

M&A, IPOs hit a speed bump in early 2022


Gaw Capital, China SCE earmark US$800M for rental apartment JV

Hong Kong-based private equity firm Gaw Capital Partners and China SCE Group Holdings Ltd. are initially investing US$800 million in a long-term rental apartment platform in China that aims to manage 10 billion yuan of assets by 2021, Mingtiandi reported, citing a Chinese-language filing from the property developer.

China SCE's Funlive Holdings subsidiary will oversee the acquisitions, disposals and management of the joint venture that was created to purchase, develop and operate multifamily residential developments in the core cities of the country, according to the news platform.

The joint venture was seeded with an initial 20,000-square-meter apartment building in Shanghai. The property, which is expected to be completed in 2020, is planned to include 500 apartment units, the Dec. 19 report added.

As of Dec. 19, US$1 was equivalent to 6.89 Chinese yuan.