China Developers Vanke and Vantone Target US Real Estate Market

20-Aug-2012

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An eternal optimist, Liu-Yue built two social enterprises to help make the world a better place. Liu-Yue co-founded Oxstones Investment Club a searchable content platform and business tools for knowledge sharing and financial education. Oxstones.com also provides investors with direct access to U.S. commercial real estate opportunities and other alternative investments. In addition, Liu-Yue also co-founded Cute Brands a cause-oriented character brand management and brand licensing company that creates social awareness on global issues and societal challenges through character creations. Prior to his entrepreneurial endeavors, Liu-Yue worked as an Executive Associate at M&T Bank in the Structured Real Estate Finance Group where he worked with senior management on multiple bank-wide risk management projects. He also had a dual role as a commercial banker advising UHNWIs and family offices on investments, credit, and banking needs while focused on residential CRE, infrastructure development, and affordable housing projects. Prior to M&T, he held a number of positions in Latin American equities and bonds investment groups at SBC Warburg Dillon Read (Swiss Bank), OFFITBANK (the wealth management division of Wachovia Bank), and in small cap equities at Steinberg Priest Capital Management (family office). Liu-Yue has an MBA specializing in investment management and strategy from Georgetown University and a Bachelor of Science in Finance and Marketing from Stern School of Business at NYU. He also completed graduate studies in international management at the University of Oxford, Trinity College.

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By , Mingtiandi real estate,

Chinese investment in the US real estate market took a new turn recently when two of the country’s largest real estate developers were said to be planning property projects in America. First, China Vanke, the country’s largest home builder by sales, announced that it is targeting the US for  its first overseas project.  As reported by Reuters, Vanke’s President, Yu Liang said,

“International expansion is going to be an important strategy. Because cash is not our forte, we would need a partnership, but we have the expertise in terms of customers.”

Vanke’s interest in developing projects in the US is reportedly driven by the interest of its Chinese customers in American real estate investment opportunities. The company is also reportedly considering projects in Hong Kong, South Korea and Australia.

Vanke recently completed the acquisition of Winsor Properties, a Hong Kong shell company will allow it to raise offshore capital for international expansion.

On the same day that Vanke made its announcements, plans were leaked regarding Beijing developer Vantone’s discussions with authorities in San Francisco to re-develop the city’s Pier 19 as a tourist destination with Chinese characteristics.

As reported by Bloomberg, the discussions, which are still reportedly in the preliminary stages, involve converting the 19,100 square meter warehouse near Fisherman’s Wharf for use as offices, meeting rooms, galleries or a hospitality center for Chinese business people.

At present, a US$300 million renovation of Piers 15-17, next to Pier 19, is under way for the Exploratorium Science Museum. The National Basketball Association’s Golden State Warriors in May proposed a $500 million arena at Piers 30-32.

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