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CIC-Greentown-Blackstone property JV

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CIC-Greentown-Blackstone property JV is a joint venture between the China Investment Corporation, Greentown China Holdings, and the Blackstone Group. The joint venture was set up in 2011 and will focus on making property investments in retirement & holiday homes.

The CIC used their subsidiary China Jianyin Investment Securities to form the JV with a 60% stake. Greentown directly holds a 24% stake after the firm invested $75.2 million. In addition, a Greentown subsidiary holds another 6%. Blackstone holds the remaining 10% after they invested an undisclosed amount.[1]

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