SINGAPORE - Mainboard-listed developer Yanlord Land Group is partnering Singapore sovereign wealth fund GIC to co-invest in residential projects in China.
Under a"cooperation programme", the two parties will invest up to RMB7 billion over a seven-year period. They have the option to extend the programme by another two years. This is not the first such tie-up between the two. Yanlord and GIC have co-invested in property development projects in Nanjing and other key cities in China since 2006.
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