Description
Pacific Alliance China Land Ltd specializes in investments in a portfolio of existing properties, new developments, distressed projects, and pre-IPO and IPO real estate companies. The fund invests and holds equity interests in a portfolio of property assets in the residential, office, retail, hospitality, and industrial real estate sector. It seeks to invest in Greater China with a focus on investing approximately 85 percent in first tier cities such as Beijing and second and third tier cities such as Dalian, Suzhou, and Xiamen and approximately 15 percent, the fund also invests in Macau, Taiwan, and Hong Kong. It invest approximately 50 percent of the funds gross asset value in residential properties, approximately 20 percent in office real estate, and the remaining 30 percent equally among retail, hospitality, and industrial real estate. The fund seeks to invest between $30 million to $60 million although initial investments may be smaller if the fund anticipates that follow-on investments may be required. It seeks to own a substantial interest in its investments or, where necessary, secure adequate minority protection rights. The fund has an average holding period of investments between 12 and 36 months.
