AXA Real Estate,Ping An Trust Sign MOU To Invest In China Property
July 27 2009 - 6:55AM
Dow Jones News
AXA Real Estate Investment Managers said Monday it signed a
memorandum of understanding with Ping An Trust to co-invest in
developing high-end residential projects in China.
The cooperation could open the opportunity to launch a dedicated
Chinese real-estate fund, AXA said.
AXA, with more than EUR40 billion in assets under management, is
the largest real estate fund manager in Europe and the fourth
largest in the world.
-By Ellen Sheng, Dow Jones Newswires; 852-2832-2336;
ellen.sheng@dowjones.com