Chinese developer to buy 70% stake of NYC's Atlantic Yards project

10/14/2013 | Bloomberg · Bloomberg

Chinese company Greenland Holding Group has signed an agreement with Forest City Ratner to take a 70% stake in New York City's Atlantic Yards project. "This partnership will allow us to deliver the 6,400 units of housing, including 2,250 units of affordable housing, to market more expeditiously, which is important for Brooklyn and the entire city," said Forest City's chairman, Bruce Ratner. Meanwhile, China has also committed funds to help build a $1.3 billion airport in Manchester, England.

View Full Article in:

Bloomberg · Bloomberg

Published in Brief: