Perennial Real Estate Announces $1.2 Billion China Healthcare Center JV

Perennial Real Estate Holdings, a Singapore company, announced a $1.2 billion joint venture that will acquire and develop healthcare centers in China . It plans to concentrate on integrated mixed-use developments, centered around healthcare, that are connected to China high speed railway stations. Perennial is already building two such properties, one in Chengdu and the other in Xi'an . Its major partner in the JV will be Shun Tak Holdings , a Hong Kong conglomerate. Perennial contributed $225 million to the first close of the JV, which is $500 million. More details.... Stock Symbols: (SGX: 40S) ( HKSE 242) Share this with colleagues: // //