Logan and KWG Builders Near Completion of US$1.3 Billion Private Refinance Deal for The Corniche

Sunday, 4 August 2024, 23:30

Logan and KWG, two prominent Chinese builders, are reportedly finalizing a private refinance deal amounting to US$1.3 billion for The Corniche project located in Ap Lei Chau. Investors are aiming for an annualized yield of 13% on this loan, signaling strong interest and confidence in the development's potential. This transaction underscores the ongoing demand for quality real estate financing in China amid varying market conditions.
South China Morning Post
Logan and KWG Builders Near Completion of US$1.3 Billion Private Refinance Deal for The Corniche

Refinancing Overview

Chinese builders Logan and KWG are negotiating a private refinance deal worth US$1.3 billion for the successful project known as The Corniche.

Investor Interest

According to informed sources, the deal is attracting significant investor attention, with a targeted 13 percent annualized yield.

Market Implications

This move illustrates the persistent appetite for quality real estate ventures in China, even when market conditions are fluctuating.

Conclusion

As this refinance deal approaches completion, it may indicate a positive shift in funding availability for similar projects in the future.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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