US property firm, the Rockefeller Group, is launching a China-focused real estate fund, which is targeting high net worth investors with acc...

US property firm, the Rockefeller Group, is launching a China-focused real estate fund, which is targeting high net worth investors with access to a portfolio of real estate projects in Greater China. The Rockefeller Group Sinolink Greater China Fund hopes to raise $500 million by mid-2005 and will invest in commercial and residential property schemes in cities such as Beijing, Shanghai, Shenzhen and Hong Kong. The move sees the Rockefeller Group teaming up with the Chinese conglomerate Sinolink, a major energy and property company. Jonathan Green, chief executive of the Rockefeller Group said in a statement on the joint venture with Sinolink: "Teaming up with a well-respected developer like Sinolink will provide us a strong access to the Chinese real estate market, and further guarantee the success of the project.” The Rockefeller Group is a unit of the Mitsubishi Estate Company and has more than 13 million square feet of building space under development, mostly in the US.