Sino-Ocean Group Holding and KKR have agreed to invest in CBeijing Capital Juda for HKD1.5bn.

Sino-Ocean Group Holding, a leading Chinese property developer and KKR, a global investment firm have agreed to invest in CBeijing Capital Juda, a China leading retail outlets developer and operator for HKD1.5bn ($191m). "Sino-Ocean and KKR are experienced investors in China's real estate market and their investment in Capital Juda recognizes the future potential of China's commercial real estate market, especially in the outlets sector. Combining their resources and extensive industry expertise with our experience in developing and managing outlets will bring along synergies to accelerate the development of the Company's business." Beichen Zhong, Capital Juda Executive Director and CEO.