Chinese real estate reports growth

AN Irish-owned Chinese real estate company is reporting strong performances despite unprecedented global market volatility.

China Real Estate Opportunities (CREO) said it had achieved between 10% to 50% rental income growth from lease renewals and new leases since July 1, and that office occupancy rates were remaining strong.

The company pointed out that a three-year rollover on leases, standard practice in China, has enabled it to continue to drive income growth in the short to medium-term.