Firm raises €382m to purchase seven Chinese properties

CHINA Real Estate Opportunities (CREO), the property vehicle controlled by Johnny Ronan and Richard Barrett, has completed a £259 million (€382m) fundraising drive.

Firm raises €382m to purchase seven Chinese properties

The money will be used to purchase seven sites in Shanghai and Beijing in China by CREO in what is one of the largest property deals in the country by an overseas firm.

China Real Estate Opportunities will also buy a property in Shanghai from Real Estate Opportunities (REO), a separately quoted company in which Mr Barrett and Mr Ronan are the largest shareholders.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited