Deals
Global Private Equity Snaps Up Chinese Commercial Property
- Blackstone, GAW Capital seek loans for prime office tower buy
- Loan demand for such deals expected to continue: StanChart
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A flurry of private equity funds buying commercial property in China is reviving syndicated loan volumes in the region.
Firms including Blackstone Group LP and GAW Capital Advisors are in talks with banks in Asia for loan deals of more than $2 billion so far this year to buy office towers mainly in Beijing and Shanghai. The pipeline of such deals is expected to grow, which will help broaden financing opportunities for lenders, according to Standard Chartered Plc. Overseas firms purchased a record $9 billion of commercial property in China last year.