Venator announces restructuring of Trophy Development Fund
Venator Real Estate Capital Partners, investment advisor to the general partner of Trophy Property Development L.P. has announced that the fund has entered into an asset swap agreement with Shui On Land. Under the agreement, the fund will become majority owner of a large residential project in Shanghai in exchange for its minority investments in four developments in other key regions in China. The transaction is expected to close in the fourth quarter of 2014 subject to closing conditions.
3 October 2013•2 mins read
