Global real estate funds management firm Agincourt Capital plans to launch this Thursday what it said is the first-ever offshore renminbi secured convertible bond fund for Australian residential and commercial real estate, and it is also in the process of structuring an RMB bond fund that will invest in certain New York City properties.

The NYC RE fund that is in the works will include both condominium buildings and retail, Craig Turnbull, CEO of Agincourt Capital, told this publication. The fund investing in Australian RE also could have appeal to investors in the U.S. market if they have a bank account in Hong Kong, he confirmed in an overseas e-mail response to an inquiry.

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