Sino-Ocean and KKR Announce Real Estate Investment Platform in China

  

HONG KONG, Sept. 5, 2011 (BUSINESS WIRE) -- Sino-Ocean Land Holdings Limited ("Sino-Ocean"; HKEx: 3377), its subsidiary Gemini Investments (Holdings) Limited ("Gemini"; HKEx: 174) and KKR China Growth Fund L.P., a China focused investment fund managed by Kohlberg Kravis Roberts & Co L.P. (together with its affiliates, "KKR") today announced that the parties have entered into an agreement to establish an investment platform to capitalize on the long-term potential in China's real estate market.

LI Ming (top right photo), Chairman and CEO of Sino-Ocean, commented, "We are extremely delighted to join hands with KKR, a world leading global investment firm, to pursue attractive opportunities in China's real estate sector.

 Combining Sino-Ocean's strong local expertise in real estate development and operations with KKR's extensive global resources and investment experience, the joint venture is well positioned to achieve strong performance."

 David Liu (middle left photo), a Member of KKR and CEO of KKR Greater China, commented, "We are very excited to partner with Sino-Ocean, a market leader in China's real estate industry with strong track record and outstanding management team.

“We very much look forward to working with the management team in a mutually beneficial partnership to capture attractive investment opportunities in the Chinese market. "

Sino-Ocean Land is one of the leading property developers in China. It actively expands along the coast and the Yangtze River in China. Sino-Ocean Land is mainly engaged in the development of mid-to-high end residential properties, premium office premises, retail properties and serviced apartments. It has 57 projects at different development stages.

They are located in fast-growing cities throughout the nation, such as Beijing, Shenyang and Changchun in the Northeast region; Dalian and Tianjin in the Pan Bohai Rim; Shanghai, Hangzhou, Wuhan and Chongqing in the Yangtze River Delta and along the Yangtze River; and Zhongshan and Sanya in the Pan Pearl River Delta.

.For additional information, please visit www.sinooceanland.com

and www.kkr.com .

      

        KKR MEDIA CONTACTS:

        Hill & Knowlton Asia Ltd

        Linda Pui

        T: +852 2894 6378

        M: +852 9700 0178

        E: linda.pui@hillandknowlton.com.hk

        or

        KKR (New York)

        Kristi Huller

        T: + 1 212 230 9722

        E: kristi.huller@kkr.com

        or

        SINO-OCEAN MEDIA CONTACTS:

        PRChina Limited

        Henry Chik

        T: +852 2522 1838

        F: +852 2521 9955

        E: hchik@prchina.com.hk/

        sinooceanland@prchina.com.hk

        or

        Sino-Ocean Land Holdings Limited

        Viki Li

        Head of Investor Relations and Corporate Communications

        T: +852 2248 1026

        F: +852 2899 2006

        E: viki@sinooceanland.com

        

Keller Williams Realty Sarasota-Lakewood Ranch on Pace to Exceed 2010 Profits

SARASOTA,, FL, Sept. 5, 2011 --(PR.com)-- Keller Williams Realty Sarasota-Lakewood Ranch achieved more than $135 million in closed sales volume in the first seven months of 2011, with profitability up almost 56% over the same period in 2010, according to figures released at its Mid Year Awards ceremony held in August.

The franchise is the No. 1 Keller Williams franchise in North Florida based on number of sales associates, transaction sides and transaction volume.

“I am excited about the opportunity we have here in Sarasota County with the right people lining up in all the right ways,” said Paul Cornuke (top right photo), Operating Principal for Keller Williams Realty Sarasota-Lakewood Ranch. “As the market rebounds, the education and training we offer will propel our agents to fantastic success.”

Keller Williams Realty also recognized the highest producers for the first half of 2011. The group with the highest closed gross commission income (GCI), the most listings and the highest closed sales volume was The Soda Group, followed by Team DuToit (Steve DuToit, middle right photo)) in second place and Tierney’s Team (Tierney Foster, top left photo)) in third place.

The husband/wife team with the highest GCI was Craig and Brenda Wilson, followed by Scott and Ashley Bromby in second place and Scott and Kelli Nold in third place. The Nolds had the most listings, with the Brombys in second place and the Wilsons in third place. The Wilsons had the highest closed sales volume, with the Nolds in second place and the Brombys in third place.

Individuals with the highest GCI were Carol Marra, middle left photo)(first), Betsie Taber (second) and Maureen Legac (third).

Individuals with the most listings were Robin Jones (first), Charlie Lersch (second) and Maureen Legac, bottom right photo) (third). Marra had the highest closed sales volume, followed by Legac and Taber.

The Wilsons achieved the highest GCI in a single closing.

The Rising Star awards went to John and Anja Buetergerds, Keren Mizrahi and Holly Pascarella. The Top Trainer was Maureen Legac.

The Leadership awards were presented to Gary Dromsky, Tierney Foster, Vikki Keyser, Maureen Legac, Carol Marra, Mary Mastro, Kelli Nold and Shari Norwick.

"All of our agents are performing with intensity and focus, and any one of them could be the top agent in any given month,” said Kevin Cahill, CEO/Team Leader. “We are especially proud of our agent leaders who choose to give of their time and serve our associates and organization with care and commitment. I appreciate them every day.”

Nationally, Keller Williams Realty was the only real estate franchise to grow every year in the past five years. It is the fastest growing real estate company in the United States, increasing from 8,000 agents in 2000 to more than 80,000 agents currently.

 Keller Williams is now the second-largest real estate franchise in the United States based on the total number of sales professionals, according to research conducted by REAL Trends, a leading source of analysis and information in the residential real estate industry.

Keller Williams Realty Sarasota Lakewood Ranch is the largest single real estate office in Sarasota, with more than 190 agents. Address: 6710 Professional Parkway West, Suite 301, Sarasota, Florida 34240. Telephone: (941) 556-0500.

Each Keller Williams office is independently owned and operated.

Contact:

Keller Williams Realty Sarasota-Lakewood Ranch

Media Contact : Sheila Brannan Longo

(941) 355-3006

Thomas & Brannan Communications