Canada’s CDPQ bets on China rental property
International institutional investors are wading into an upcoming segment of the market, encouraged by a business-to-consumer model and the possibility of a publicly traded Reit.
The push by Canada's public retirement schemes into Asia continues apace, with Chinese real estate a key focus.
On Monday (March 11), Mofang Apartments said it had closed a $150 million funding round, led by Caisse de dépôt et placement du Québec (CDPQ), Canada’s second largest pension fund with $231 billion in assets under management as of end-2018.
The Shanghai-based long-term rental apartment operator, backed by US private equity firm Warburg Pincus, said it will be using the…
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