CDL Works with Leading Experts Worldwide to Seize Opportunities in China
HONG KONG--(BUSINESS WIRE)--Dr. William Yip, chairman of Canada Land Limited (ASX:CDL), a publicly traded Chinese real estate development firm, today announced plans to establish the CDL China Real Estate Opportunity Fund to invest in distressed Chinese real estate and other unique real estate opportunities in Greater China.
CDL intends to develop investment funds in the future that will seek to exploit the current correction in the Greater China real estate market in order to achieve maximum long-term gains.
“The current global economic downturn and numerous fundamentals have set the stage for one of the most lucrative investment opportunities in recent years and in the history of Chinese real estate,” said Dr. Yip, chairman of the fund and a world-renowned author and international businessman known in academic and business circles as an authority. “We believe that capitalizing on the current correction in Chinese real estate requires extensive market analysis and due diligence as well as a focus on quality over quantity, an investment strategy that’s weighted toward multi-family, multi-tier residential developments, and an ability to leverage strong relationships with Chinese government authorities and the local real estate community. To that end, we will work with a group of seasoned investment professionals and our preferred real estate services provider, Colliers International.
“Based on CDL’s proven history of success in the Chinese real estate market as well as our alliances with other highly esteemed experts worldwide, our team is exceptionally well-positioned to leverage the opportunities emerging in Chinese real estate.”
Dr. Yip, who also is director of Galaxy Entertainment Group Limited (HKSE:0027) and K. Wah International Holdings Limited (HKSE:0173), cited numerous reasons for China’s real estate investment appeal, including:
A frequent author on the subject of international real estate investment and development, Dr. Yip is widely recognized as a leading expert on the Chinese real estate market. In addition to publishing a broad array of business articles in the Hong Kong and international news media, Dr. Yip published the book Riding South on a Crane (China Books, 2005) and co-authored Doing Business in China (McGraw-Hill Ryerson, 1995), which is currently used as a textbook in several master of business administration (MBA) programs.
About Canada Land Limited (ASX:CDL)
Canada Land Limited (ASX: CDL), established in 1972 by Dr. William Yip, is a publicly traded Chinese real estate development firm with headquarters in Hong Kong and a successful history of real estate operations in the U.S., Canada, Hong Kong and mainland China. CDL has been known for its broad range of projects throughout Southern China, especially in and around Hong Kong and the city of Guangzhou (Canton), where it is one of the city’s largest developers. Its best-known project is the Wong Tai Sin temple tourist complex in Guangzhou, which was completed in 1999. More information is available at www.cdlchinafund.com.
About Colliers International
Colliers is one of the world’s largest commercial real estate firms, with 293 offices in 61 countries in the Americas, Europe, the Middle East, Africa and greater Asia. Colliers International manages more than 868 million square feet of commercial property and has revenues that exceed $2 billion. Colliers International is a worldwide affiliation of independently owned and operated companies. More information about Colliers International is available at www.colliers.com.
Editor’s Note: Interviews may be coordinated upon request