Xintiandi unveils exchange program with Brookfield

By Cherry Cao | January 24, 2014, Friday |

Online Edition

CHINA Xintiandi, a wholly-owned subsidiary of Shui On Land Ltd, announced today that it will launch a senior management exchange program with its strategic partner Brookfield Property Partners as both parties move forward to facilitate their partnership.

Brookfield, a global commercial real estate owner, operator and investor, reached an agreement in October 2013 with Shui On Land and China Xintiandi to invest up to US$750 million in China Xintiandi. Brookfield's initial investment will focus on China Xintiandi's key projects in Shanghai, including Shanghai Xintiandi, Xintiandi Style, Shui On Plaza, Corporate Avenue 1 & 2, and The Hub.

"The partnership with Brookfield will add great momentum and energy to the development of China Xintiandi," Vincent Lo, chairman of China Xintiandi, told a press conference held today in the city. "It provides a global platform to China Xintiandi and with Brookfield's rich expertise in the commercial real estate sector, China Xintiandi's growth will be accelerated."

The partnership with China Xintiandi is Brookfield's first major investment move in China. In addition to capital injection, Brookfied will also work with China Xintiandi in asset management, financial management, global leasing, information technology, corporate management and other areas, according to Bruce Flatt, chief executive officer of Brookfield Asset Management, parent of Brookfield Property Partners.

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Xintiandi unveils exchange program with Brookfield

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