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Blackstone reenters China’s real estate market

Posted on 26 August 2010

From Peopledaily.com.cn: Blackstone Group LP, the world’s biggest private equity firm, has entered China’s property market again through financial cooperation with a realty developer. This may be a sign that foreign funds are keen on China’s housing market, analysts say.
Media reported that Blackstone has reached an agreement with Hong Kong-based Great Eagle Group to jointly develop land blocks in Dalian. Great Eagle said in its half-year report that half of its Dalian project is held by an independent third-party company, but declined to give the name……………………………………….Full Article: Source


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