ASF Group (ASX: AFA) has entered into a strategic partnership agreement with *China Real Estate Association*, strengthening its goal of promoting investment and trade between Australia and China.
CREA is a peak association authorized by the Ministry of Construction of China based in Beijing.
Under the partnership, ASF will become the sole strategic partner of CREA in Australia and will assist the non-profit in arranging for Chinese entities to invest in Australian real estate developments.
In return, CREA will promote ASF’s projects on its website and in events organised or sponsored by CREA.
It will also arrange for potential investors to visit ASF and to explore the possibility of investing in its Australian projects.
“The company is very pleased to become the sole strategic partner of CREA in Australia and believes that the strategic partnership will enhance the position of the company in promoting investment and trade between Australia and China in particular in the property sector,” ASF chairman Min Yang said.
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China Real Estate Association*
CREA is a China-wide non-profit professional organisation with 2,100 members that was established in Beijing in 1985 with authorisation by China’s Ministry of construction.
Members include businesses and institutions engaged in real estate development and operations, market transactions, brokerage, construction and property management; as well as local real estate associations and relevant individuals.
The association has a large network and significant influence in the Chinese real estate sector, submitting research reports and suggestions concerning real estate development, technical requirement policy, law and regulations to China’s Government.
*ASF Group*
ASF Group focuses on investments where there are synergies between Australia and China.
While this has primarily being in the resources sector, the company was in March shortlisted by the Queensland Government and Gold Coast City Council for the development of a new cruise ship terminal and casino at Broadwater on the Gold Coast of Queensland.
The world-class project could include a cruise ship terminal on State Government-owned land on The Spit or on Wave Break Island in the Broadwater, marina and super yacht facilities, retail entertainment, hospitality, community open space, recreation facilities and a mix of residential development.
ASF China Property Consortium, which includes China Communications Construction Company, Guangzhou Dredging co Ltd and China State Construction Engineering Corporation Limited (CSCEC), is one of four consortia that were shortlisted.
It is expected that a detailed proposal will be lodged by mid 2013. Reported by Proactive Investors 5 hours ago.
CREA is a peak association authorized by the Ministry of Construction of China based in Beijing.
Under the partnership, ASF will become the sole strategic partner of CREA in Australia and will assist the non-profit in arranging for Chinese entities to invest in Australian real estate developments.
In return, CREA will promote ASF’s projects on its website and in events organised or sponsored by CREA.
It will also arrange for potential investors to visit ASF and to explore the possibility of investing in its Australian projects.
“The company is very pleased to become the sole strategic partner of CREA in Australia and believes that the strategic partnership will enhance the position of the company in promoting investment and trade between Australia and China in particular in the property sector,” ASF chairman Min Yang said.
*
China Real Estate Association*
CREA is a China-wide non-profit professional organisation with 2,100 members that was established in Beijing in 1985 with authorisation by China’s Ministry of construction.
Members include businesses and institutions engaged in real estate development and operations, market transactions, brokerage, construction and property management; as well as local real estate associations and relevant individuals.
The association has a large network and significant influence in the Chinese real estate sector, submitting research reports and suggestions concerning real estate development, technical requirement policy, law and regulations to China’s Government.
*ASF Group*
ASF Group focuses on investments where there are synergies between Australia and China.
While this has primarily being in the resources sector, the company was in March shortlisted by the Queensland Government and Gold Coast City Council for the development of a new cruise ship terminal and casino at Broadwater on the Gold Coast of Queensland.
The world-class project could include a cruise ship terminal on State Government-owned land on The Spit or on Wave Break Island in the Broadwater, marina and super yacht facilities, retail entertainment, hospitality, community open space, recreation facilities and a mix of residential development.
ASF China Property Consortium, which includes China Communications Construction Company, Guangzhou Dredging co Ltd and China State Construction Engineering Corporation Limited (CSCEC), is one of four consortia that were shortlisted.
It is expected that a detailed proposal will be lodged by mid 2013. Reported by Proactive Investors 5 hours ago.