129788454863281250_108Xinda building billions of buyout funds water acquisition of bad real estate trust
Peak real estate trust to honour hidden opportunities, doing non-performing assets acquired by financial-assets management company has been targeted in this area. However after regulators halted trust assets for the acquisition of bad asset management company, through a Fund started in the form of purchase you can avoid this problem. On April 12, China Cinda asset management Corporation (hereinafter referred to as "China Cinda")According to sources, owned by China Cinda China Golden Valley international trust and Investment Corporation, Xinda real estate company limited (hereinafter referred to as "Valley of gold trust", "investments", "real estate"), three companies as sponsors are creation of a total 10 billion worth of real estate acquisition Fund. Special opportunities for mergers and acquisitions of this huge baseGold takes the form limited partnership, investment mainly to bad real estate investment trust product acquisitions, fund managers (GP) or to huirong equity investment fund management company (hereinafter referred to as "Xinda huirong"). The sources said 10 billion scale issues
tera gold, funded mainly by the private part and its own funds. "Issued in stages, is still in the first phase of the Fund raisingSet. Also reserves a number of projects, from the original high quality projects on the one hand, on the other hand from the market. "The real estate market regulation, integration of industry mergers and acquisitions opportunities inevitably heat up. "People rarely have such a large amount of real estate acquisition, Xinda financial advantages, direct investment and business, have the possibility to do it."Shenzhen dxn capital senior investment manager Liu Cong said. Acquisition of bad real estate Golden Valley trust, trust investment shares absolutely held by China Cinda and level held by wholly-owned subsidiary; Xinda real estate is owned by China Cinda listed companies in real estate development, investment holdings; huirong is private equity investment fund of the institution, its special operations. The real estateMergers and acquisitions fund building mode, Xinda in China by the three subsidiaries as the Fund's limited partners, and funded from the Fund and Fund will also receive financial funding of investors with limited partners. These sources said, funds raised primarily include: domestic institutional investors, such as pension funds, CDB, China investment, insurance companies,Supporting companies; non-financial institutions (including non-financial institutions with cash in State-owned enterprises and private enterprises), qualified individual investors and funds. Down payment Fund for project equity acquisition of the real estate investment trust products, for high quality projects in the real estate investment trust market liquidity solutions. Operational approaches, investment projects toAfter a period, the Fund sold items to other market participants; or items to achieve the real estate operation; also, by means of a securitization to sell the acquired assets. These people said, to avoid the competition and parent company China Cinda, bad assets acquired should be limited to the scope of the fund industry is not currently available
tera power leveling, or because of policy restrictions and higher risk investments and does notSuitable for large-scale business. Avoid the "stop" real estate investment trust to honour the ban under pressure, has many trust companies and investors, including financial-assets management company has extensive cooperation took over its maturing real estate investment trust products. But regulators do not encourage the acquisition of bad real estate investment trust. Real estate investment trust market liquidity problems in the future, as the regulationDeepen further. Actively doing commercial acquisitions of assets management company is not willing to give up profit opportunities. The above have pointed out that, more assets in the Cedar has been in the real estate market, if you are spending too much, will face greater industry concentration risk. "Through the introduction of external funds the establishment of buyout funds in real estate, acquisition of bad real estate trustAssets, while enabling decentralized risk and seize the market opportunities of the two goals. According to the information released by the Chinese trust industry association, at the end of 2011, real estate investment trust balance of $ 700 billion. CICC thematic analysis reports, real estate trust expires in 2012 is expected to scale 223.4 billion yuan, total payments of about $ 250 billion. "Real estateTrust major is facing a liquidity problem, developers cannot yet, but trust control of most mortgages are very good. "One trust company executives believe that it is also willing to step in bad real estate asset management company trust acquired causes. As long as the "carry" the temporary liquidity problems, asset management company has been able to earn a fortune. This letter formFund's acquisition of bad real estate investment trusts, or regulator is considering a regulatory policy. People familiar with the matter said, relevant departments of the China Banking Regulatory Commission has convened four asset management companies meet intends to halt adverse real estate investment trust and asset management company to buy small loan company debt. But the four asset management companies have expressed objections, so the ban did not release, ultimatelyNot halt there is uncertainty. However, even ban finally issued, by means of a building Fund, may not be within the ban. Because acquisition of bad real estate trust real estate fund will be the subject, rather than asset management company. Subsidiaries is the Fund Manager asset management company, you can charge a management fee, asset management company can also be funded to participate in FoundationGold, sharing the income of the Fund. Liu Cong believed that appears with a background in State-owned enterprises merger and acquisition of real estate funds, shows that real estate financial properties of more prominent. Compared to commercial real estate houses
tera gold, have a higher level of capital operation, particularly at present China has no proven private equity firms, REITS, and assorted tools, 10-20 years in the future, integration of upgrade opportunities to many. PremisesIndustry is the second largest mergers and acquisitions industry last year. Clear Research Center data show, 2011 real estate complete the number of mergers and acquisitions is 113, 9.8% per cent of total mergers and acquisitions; deals amounts to $ 5.449 billion, accounting for 8.1% of the total mergers and acquisitions.
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