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UBS to Join in Shanghai Fund for Low-Cost Housing

augustus 15, 2013by 0

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By ESTHER FUNG SHANGHAI—UBS AG, a district government in Shanghai, and an insurance company are starting a public-housing investment fund that could use public-private financing to help China build more low-cost homes. The fund will invest in completed, rental residential properties for low-income families in the Hongkou district of Shanghai. It will later become a real-estate investment trust…

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