Press Release (ePRNews.com) - New York, USA - May 19, 2017 - Kensington Properties announced on Sunday it has formed a global strategic partnership with a real estate developer, operator and investment manager in Beijing in order to extend global cooperation in resource sharing, fund investment, buyouts and business development.
“Many of our cooperative projects focus on value increase and rely on effective post-investment management to unlock values. This is consistent with the development philosophy of Kensington Properties, and therefore I look forward to our future cooperation.”
James Buchanan, Chief Executive Officer of Kensington Properties, shared:
“Comway Construction and Kensington Properties share a common value — we’re both dedicated to serving clients. We look forward to further strengthening our relationship as we seek more joint investment opportunities in China and in best-performing markets elsewhere.”
Mr. Buchanan added: “The two companies share ‘the gene of globalization,‘ ‘the pioneering and innovative spirit‘ and ‘the strong sense of corporate social responsibility.‘”
The announcement of the Kensington Properties global strategic partnership comes just days after Comway Construction announced it signed a memorandum of understanding (MoU) with alliances in Cambodia in order to boost strategic cooperation in internship, educational resource sharing, cultural events and commercial exchanges.