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Warburg Pincus bets big on Chinese car park operator Sunsea

S.China Morning Post Wednesday, 29 November 2017
Warburg Pincus, one of the largest investors in China’s commercial and industrial real estate, has found its next pot of gold amid the country’s property market, as residential assets succumb to a year-long government campaign to cool prices. The New York-based private equity firm said it is investing 1.5 billion yuan (US$227 million) into Sunsea Parking together with Warburg-backed Red Star Macalline, the largest furniture retail chain in China. The partnership would transfer the...
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