Warburg forms JV with Hande to invest $1b in China's distressed realty assets

Warburg forms JV with Hande to invest $1b in China's distressed realty assets

A worker pulls a cart under the Liede Bridge over the Pearl River in Guangzhou, China, on Wednesday, Nov. 1, 2017. Photographer: Qilai Shen/Bloomberg

Private equity major Warburg Pincus and Beijing-headquartered enterprise Hande Group have formed a joint venture to invest $1 billion in special situations real estate projects in China.

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