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China Vanke enters U.S. property market with Tishman deal

Posted on 19 February 2013

China Vanke Co., the biggest developer listed on Chinese exchanges, has entered a property venture in San Francisco, its first foray into the U.S. real estate market. The company signed the deal on Feb. 12, Chairman Wang Shi wrote on his microblog on Sina Corp.’s Twitter-like Weibo service, and confirmed by Vanke, without giving any details.
Vanke bought 70 percent of 201 Folsom Street, a mainly high-end residential project owned by Tishman Speyer Properties LP, Jinsong Du, a Hong Kong-based property analyst at Credit Suisse Group AG, wrote in a note to clients Feb. 12, citing information from Vanke…………………………………….Full Article: Source

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