- February 2014 Vol.6 No.2

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Investors cozy up with developers in China

by Jennifer Molloy

Major Shanghai-based developer Shui On Land Ltd has been quite active with investors of late through sales, partnerships and the corporate restructuring of its business in an effort to pay down its debt and improve its cash position.

This past December, Shui On Land and its subsidiary China Xintiandi entered into a strategic partnership with China Life Insurance Co. For 3.32 billion yuan (US$548 million), the insurer will acquire Shui On Land’s entire stake in the company that owns the large-scale Taipingqiao mixed-use project in Shanghai’s Huangpu district expected to be completed this year.

Several weeks prior to this deal, Brookfield Property Partners agreed to invest up to US$750 million in China Xintiandi, which initially will hold a portfolio of six Chinese property assets (Shan

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