Chinese insurance giant Ping An bets on U.S. real estate

2015-10-29
US

The Ping An Insurance (Group) Company of China, the China's insurance giant, announced Tuesday that it has formed a 600-million-U.S. dollar fund with Blumberg Investment Partners to invest in logistics assets across U.S., including New York City, Atlanta, South Florida, Colorado and many other places. The company also decided to invest a further 400 million dollars in some other logistics projects, and Blumberg Investment Partners will look for more projects for the cooperation. The move is part of the growing trend that Chinese companies are investing in U.S. real estate market.  The full article can be read here.

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