Investors - AUGUST 5, 2020

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Yanlord and GIC sign agreement to co-invest up to $1b in China

by Andrea Zander

Yanlord Land Group has partnered with Singapore’s sovereign wealth fund GIC to jointly develop integrated commercial and residential property projects in high-growth cities across China for seven years.

The investment total is $1.01 billion.

Yanlord will own 51 per cent of each of the project companies and joint venture companies to be co-invested in, while the GIC affiliate will own the remainder.

Yanlord and GIC have previously co-invested in China property development projects since 2006.

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