In a further sign of the irresistible attraction China seems to have on foreign investors, a subsidiary of Singapore's CapitaLand is plunging into the real estate fund management business. At a session of the China-Singapore Investment Forum held in Shanghai yesterday Thursday, deputy CEO Pua Seck Guan unveiled terms.
The $100 million fund, or $200 million if demands warrants, will be aimed at institutional investors with a minimum investment $10 million for a five-year term. Fees will be 3% to 5% and the fund hopes to provide investors with an internal rate of return of 20% excluding fees, says Pua.
The fund's marketing period will close in September, but...
