The Gulf investor is teaming up with a Chinese developer to target $6bn of real estate projects in the country, at the same time as launching a $1.5bn China-focused private equity vehicle.

The Abu Dhabi Investment House is partnering with Chinese construction firm, Shanghai Construction (Asia) Co., to target $6 billion of real estate developments across China.

The 50-50 joint venture is looking to acquire up to 16 real estate projects in the country, worth around $6 billion, Abu Dhabi Investment House (ADIH) said in a statement.

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Posted by boyang at September 30, 2008 5:30 PM