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