Ivanhoé Cambridge and APG Take Stake in Chinese Mixed-Use Developer

Ivanhoé Cambridge and Dutch firm APG Asset Management have acquired a strategic interest in Chongbang, a Shanghai-based developer, owner and operator of retail-anchored mixed-use projects, via a US$920M capital raising. Chongbang currently owns and operates 4.6M SF of retail and commercial space, primarily in Shanghai (including Life Hub @ Daning, above), with another 4.5M SF under development. Ivanhoé EVP Rita-Rose Gagné noted the deal represents a milestone in her company’s bid to significantly increase its allocation in key growth markets, where China is an “important pillar.”

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Toronto Newsletters
Related Stories

Hof Wonen Acquires 251 Social Rental Houses In New Mixed-Use Project In The Hague

Developer Pitches Massive Hospitality, Makerspace District South Of Austin

Towers On The Edge: How Austin Is Redefining Vertical Density At The Waterfront

Rabobank-Backed BPD Fund Acquires 245 Rental Units In Europe's Largest Timber Housing Project

CBRE IM Acquires Planned 100-Home Amsterdam Scheme For NN Group

Next Phase Of Amsterdamse Poort Redevelopment Kicks Off

Plano Voters To Decide On New Taxes Tied To Dallas Stars' $3B Sports And Entertainment District

Battersea Power Station Lands £280M Refinancing For Final Phases

'Very Desirable Market': Investment Surges Across Houston's Westchase District

Grafton Place Scheme Comes To Market Again, Guiding At €250M

Hines Spends $170.5M On Mixed-Use Portfolio In Dallas' Bishop Arts District

Austin's Office Slump Is Fueling Mixed‑Use Projects