Photo taken on Nov. 3, 2020 shows the view of the Lujiazui area of Pudong, east China's Shanghai. (Xinhua/Ding Ting)
BEIJING, Oct. 25 (Xinhua) -- Sunjade, a Shanghai-headquartered company engaged in industrial and infrastructure investment, has set up a joint venture (JV) with Goldman Sachs Asset Management to boost investment in logistics, new infrastructure and real estate assets in China's first-tier cities and surrounding areas, according to information released by Sunjade on Monday.
The JV's first batch of seed projects include four warehouses with a total area of 240,000 square meters located in Shanghai.
The JV plans to invest more capital in potential asset development and acquisition, Sunjade said.
Sunjade and Goldman Sachs Asset Management will make full use of their respective resources, capabilities and investment experience in the real estate field to promote development of the JV. (Edited by Su Dan with Xinhua Silk Road, sudan@xinhua.org)
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