How a £130m retail revamp could transform Wigan and benefit the wider borough as well
The council has been criticised by some for leaving other areas with scraps
13:22, 11 JAN 2021
A hotel and town square are also part of the Galleries25 plans for Wigan (Image: Wigan Council)
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Alexander Shing’s Cottonwood Group has formed a new $200 million investment platform with BCEG International Investment – US (BCEGI-US) to pursue real estate opportunities throughout the U.S.
The partners are targeting ventures that require financing support, capital infusion and/or construction capabilities.
Shing announced the move in a joint statement with Yan Xing, president of BCEGI-US, which is the investment arm of Beijing Construction Engineering Group.
ALEX SHING
“Cottonwood and BCEGI-US have maintained a strong working relationship for many years, and we’ve established the level of trust that is critical in making partnerships a success,” said Shing.
“With BCEGI-US’ construction capabilities, our track record of financing even the most complex real estate investments and our shared commitment to bring the very best projects to life, we will put our expertise to work on behalf of developers and investors.”
Cottonwood forms $200 US funding platform with Chinese giant rew-online.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rew-online.com Daily Mail and Mail on Sunday newspapers.