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HONG KONG-Canada Land Ltd., a publicly traded Chinese real estate development company, will create a fund to focus primarily on distressed assets throughout China. The fund, CDL China Real Estate Opportunity Fund, is being headed by CDL chairman William Yip.

William Nobrega, managing partner of the Conrad Group, an advisor of CDL, tells GlobeSt.com that the fund is expected to total $1 billion. “The fund will use leverage so that the actual investment capability of the fund will be larger than the fund capital,” he says.

“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,” says Yip. “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.”

The CDL Fund will focus primarily on “mid-tier multifamily residential developments but will also look consider mixed-use and commercial developments,” Nobrega says. Areas of the country they plan to focus on will be Tier I and Tier II cities in the Pearl River basin. This includes cities such as Shanghai, Guangzhou, Macau and Hong Kong.

By the end of Q3, the fund should close; giving CDL the chance to begin investing toward the end of the third quarter and certainly by the beginning of the fourth quarter of this year, Nobrega says.

“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,” Yip says.

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