Yanlord partners consortium to acquire 2 Tianjin land parcels for $1.6 bil

SINGAPORE (Apr 9): Yanlord Land Group, through its wholly-owned subsidiary Nanjing Renyuan Investment, has acquired a 19.8% interest in Tianjin Hefa Property and 16.5% interest in Tianjin Lianzhan Property Development for RMB 7.55 billion ($1.57 billion).

Tianjin Hefa is a jointly held company between Capital (Tianjin) Property Management, Beijing Fang Xing Yi City Properties, Tianjin Realty Development, Tianjin Zhao Sheng Real Estate and NJ RY.

Tianjin Lianzhan, is a jointly held company between the same four property development companies with the addition of Tongxiang Anhao Investment Management.

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