An offshoot of China’s largest construction and real estate conglomerate has launched its first foray into the up-market residential market of New York’s Manhattan island.
Strategic Capital, the investment arm of China Construction America, which already has a national portfolio worth in excess of US$1 billion, has announced a US$140 million equity investment in a residential development in the Hudson Square neighbourhood of Manhattan.
It will be working with two New York partners,…
Source : South China Morning Post
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