Real estate deals lift Asian loans

摘要

A rebound in property-related acquisitions is adding new life to the Asian loan market after a lacklustre first half. The latest real estate financing to emerge is a US$509m-equivalent loan for a consortium led by mainland property giant china vanke to buy a commercial complex in Shanghai. China Vanke has teamed up with investment firms Pacific Alliance Group and Tishman Speyer and is looking to purchase the property from Hong Kong developer Shui On Land for around Rmb5.92bn (US$953m). The acquisition target is Corporate Avenue 3, which comprises commercial and entertainment complexes near Xintiandi in Shanghai's Huangpu district.