Publications

Investors

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

Start Your Free Trial Now

Savills Investment Management forms Chinese joint venture

by Andrea Waitrovich

Savills Investment Management has formed a joint venture with a Chinese private equity firm to invest in real estate opportunities in the United Kingdom, Europe and globally.

The partner is China Minsheng Investment Capital, a subsidiary company of China Minsheng Investment Corp., which will develop and promote a series of funds and investment vehicles to invest in global real estate markets. 

The joint venture is the first of its kind between an international real estate investment manager and a private Chinese investment company. 

The first major initiative resulting from the joint venture is a new real estate fund, CMISIM European Investment Fund, in which CMIC is the cornerstone investor with seed capital up to £30 million ($47.26 million). The fund aims to deliver a net return to investors of 15 percent.

The majority of the seed capital in the fund will be invested into Savills Investment Management’s Prime London

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?