The company plans to seek out acquisitions in a broader number of Chinese regional markets, "with the aim of providing significant upside through the inherent growth created by the government's overwhelming commitment to infrastructure".
CREO is 16.5pc-owned by London-listed Real Estate Opportunities (REO), which, in turn, is 58pc controlled by developers Johnny Ronan and Richard Barrett's Treasury Holdings.
Mr Ronan owns a further 12.4pc stake in CREO, while Richard Barrett, who has been based in Shanghai for over two years, holds an additional 6.9pc.
