China Vanke acquires 4.9% in Cushman & Wakefield for $166m

China Vanke acquires 4.9% in Cushman & Wakefield for $166m

REUTERS/Bobby Yip/File Photo

Chinese property developer China Vanke is acquiring 4.9 per cent stake in real estate brokerage firm Cushman & Wakefield ahead of the latter’s US IPO that could raise as much as $1 billion at a valuation of over $5 billion.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter