Publications

Investors

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

KKR creates second Chinese real estate partnership

by Andrea Waitrovich

KKR has entered into a joint venture with Chinese property developer Sino-Ocean Group Holding to invest in Beijing Capital Juda, a Chinese retail outlets developer and operator, for $191 million.

KKR makes its investment from its China Growth Fund.

Following completion of the transaction, Sino-Ocean will own an approximate 16 percent stake in Capital Juda and KKR will own an approximate 12 percent stake in Capital Juda, in each case on a fully diluted basis.

The investment marks the second collaboration between Sino-Ocean and KKR, which first established a Chinese real estate joint venture in 2011.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?