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ING targets $500-$750 mln China property fund

Posted on 03 June 2009

From Guardian.co.uk: Dutch financial group ING’s real estate arm is launching a second China property fund, targeting to raise $500 million to $750 million as China’s home prices stabilise, a senior executive said on Tuesday.
The China Opportunity Fund II will make nine to 10 investments with average deal sizes of $50 million to $75 million, mainly in residential development, Richard van den Berg, China head of ING Real Estate, told Reuters. The fund is expected to generate an internal rate of return (IRR) of 20 percent or more…….Full Article: Source


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