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Announced

Vanke Service and Cushman & Wakefield to form a joint venture.

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asset management

Private

commercial property

Majority

China

Real Estate Services

Pending

Joint Venture

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Synopsis

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Vanke Service, an affiliate of Chinese residential property developer China Vanke, with Cushman & Wakefield, real estate brokerage firm, agreed to form a joint venture to enhance their real estate business in Greater China. Financial terms were not disclosed. The joint venture plans to focus on commercial property and asset management as well as integrated facility management.

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