IREI has learned Chinese real estate developer Sino-Ocean Capital is seeking $1.5 billion in capital commitments for its latest office fund.
The firm is reportedly in talks with three potential investors about raising the entire amount of capital. If successful, this would be Sino-Ocean Capital’s largest real estate fund to date.
Sino-Ocean Group, the parent company of Sino-Ocean Capital, is a Hong Kong–listed company focusing on developments in a variety of sectors, including office, logistics, data centers, senior housing, multifamily and commercial properties.
Sino-Ocean Group currently owns more than 180 projects in different stages in rapidly growing Chinese cities and metropolitan regions, such as Beijing, among others.
