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According to the recent statistics from National Business Daily, foreign-invested institutions made the acquisition of more than RMB14.3b to Shanghai whole-building commercial properties by means of stock acquisition and cooperative development from January to August. Report from some media the other day said Blackstone Group, the private equity giant, recently has joined hands with VXL CAPITAL to jointly set up a commercial asset management company, hoping to invest, operate, attracting investment and manage in Chinese commercial real estate projects, with an apparent thought of long-term investment.
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