By Liz Mak

JPMorgan Asset Management has raised $600 million for its Greater China Property Fund.

The closed-end JPMorgan Greater China Property Fund received capital commitments from institutional and high-net-worth investors from the US, Asia, Europe and the Middle East.

The fund will be invested across all real estate sectors in China, Hong Kong, Macau and Taiwan. Its primary focus is the development of new properties and investments will be made across the office, residential, retail and hospitality sectors by creating project-level joint venture arrangements with multiple operating partners in Greater China. It seeks to capitalise on China's rapid economic growth, urbanisation, rising income levels and strong demand for real estate.

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Posted by boyang at May 27, 2008 11:59 PM