China’s CITIC unit in European property play

China_CITIC_bankThe international business of China’s CITIC Securities has expanded into European real estate through a partnership with London-based Avignon Capital. CLSA, formerly known as Credit Lyonnais Securities Asia, was acquired by CITIC Securities in 2013 for $1.3 billion. Under the partnership, Avignon Capital will assist CLSA in channelling Asian and global institutional money into European property investments. “We look forward to partnering with Avignon Capital to provide our institutional clients greater access to high quality, unique European real estate investment opportunities,” said Jonathan Slone, CLSA chief executive. Avignon Capital invests in commercial real estate in the UK, Germany, the Netherlands and Spain. It had €700 million ($864 million) under management at the end of 2017. CLSA was founded in Hong Kong in 1986 as Winfull Laing & Cruickshank Securities. It was later acquired by Credit Lyonnais, a French bank. ©2018 funds globla asia

Executive Interviews

INTERVIEW: Giving peace a chance

Jan 11, 2019

As US-China tensions escalated in 2018, the leaders of the two economies met in Buenos Aires to agree a truce. Aidan Yao, senior emerging Asia economist at Axa Investment Managers, talks to Romil...

INTERVIEW: Operational challenges

Jun 09, 2018

Caroline Higgins of Northern Trust tells George Mitton about A-share inclusion, ETF Connect and why Cayman funds predominate in the region.



Jan 11, 2019

Changes to regulation, US-Sino trade tensions and further steps by China to open its capital markets were some of the topics discussed by our panel. Chaired by Romil Patel in Hong Kong.

SINGAPORE ROUNDTABLE: Optimism versus caution

Oct 23, 2018

The impact of financial technology, developments in Asian passporting and the promise of new markets in Thailand were among the topics discussed by our panel. Chaired by George Mitton in Singapore.