China breathes life into Reits as maiden trust raises $493m

By John Loh
02 Jul 2015

China has taken a welcome but quirky approach to its first publicly-traded real estate investment trust (Reit), as a decade-long effort to bring the structure to the mainland bears fruit.

Penghua Qianhai Vanke Reit, which began taking orders on June 26 to raise Rmb3bn ($492.91m), will list this month in Shenzhen, the first time the asset class has been available to both institutional and retail investors onshore. However the party is not yet ...

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