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BlackRock sees new opportunity in China real estate

BlackRock Inc is ready to increase its China real estate portfolio exposure as it sees good entry points following the weakness in the nation’s economy and credit environment, a senior executive of the U.S. money manager said on Monday. John Saunders, Head of Asia-Pacific Real Estate at BlackRock, told Reuters the fund would target mass-affluent shopping malls and grade “A” and “B” offices in China’s first- tier and selective second-tier

China's Sinoma signs $600 mln Nigerian cement expansion with BUA

By Chijioke Ohuocha LAGOS (Reuters) – Nigerian conglomerate BUA Group has signed $600 million worth of contracts with China’s Sinoma International Engineering Co. to double capacity at its flagship cement plant as it seeks to expand market share in Africa’s biggest economy. BUA group, with interests in cement, pasta, steel and real estate, said on Sunday it expected to double capacity at its Obu cement plant which currently produces 3.5

BlackRock's buyout arm sees opportunities in China real estate

The private equity arm of BlackRock Inc is ready to increase its exposure to Chinese commercial real estate as it sees good entry points following recent weakness in the economy and credit environment, an executive of the U.S. money manager said on Monday. John Saunders, Head of Asia-Pacific Real Estate at BlackRock, told Reuters the fund would target mass-affluent shopping malls and Grade A and B offices in China’s first-tier