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Bentall Capital LP of Canada to Wuhan to Invest in the Real Estate Sector
2008-08-12 08:09
  From:MOFCOM Wuhan Office    Article type:Reproduced



Recently, Bentall Capital LP of Canada, the property developer ranking 5th in North America and the first in Canada, reached the agreement with Hubei Modern Urban Construction Group that Bental acquired 51% shares of Hubei Shuanghuan Property Development Corporation of Hubei Modern Urban Construction Group with RMB51m.

At the beginning of this year, foreign capital accelerated the step of entering Wuhan due to favoring the long-term return of property project in the second-line cities. For instance, Prax Capital has established a development company with a native developer in Wuhan to jointly develop a piece of land in Wuhan Jianshe Avenue, and also signed the cooperation agreement with another native developer.

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