JPMorgan closes $600 million China property fund

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 hos…