Business Partnership Agreement signed between PropCap and BlackHills Consulting|Expand into China Market

Over the past few decades, China has been among the world’s fastest-growing economies. Its middle class of 340 million exceeds the total US population. Real estate is one of the most important overseas asset allocations for the high-net-worth in China. Data from Cushman & Wakefield shows that overseas real estate investments from China in 2018 was US$15.7 billion. Although cross-border capital allocation is limited by COVID-19 and the global environment, investors from Greater China are expected to maintain their enthusiasm for overseas investment in the coming years. Overseas investors and customers are also optimistic about the medium and long-term fundamentals of properties in first-tier cities of China, and willing to participate in property investment and operation in China through diversified and flexible ways. In Beijing, foreign capital accounted for 22% of the total transaction value of the property investment market in 2021. 

Through this partnership, PropCap and BlackHills will leverage the resources and network from each other, and provide more diversified services to investors and customers who are interested in participating overseas and China’s property investment and operation. 

About BlackHills Consulting “BlackHills”

Founded in 2016, BlackHills Consulting (“BlackHills”) is a commercial real estate consulting agency headquartered in Shenzhen, China. BlackHills has established branches in Beijing, Hong Kong, Guangzhou and Shanghai, covering major cities in China such as Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu, Wuhan, Hangzhou, etc., and it has provided professional real estate solutions for more than 1,000 well-known domestic and foreign tenants. BlackHills publishes more than 30 insightful market research reports every year and develops a business management data system (BMS) of the industry, which can provide professional data services for customers. Meanwhile, BlackHills develops a management system (ORCA) for the owners to accelerate the digitization of office rental management, the office space managed by which has exceeded 2,100,000 square meters. 

For more information, please visit BlackHills.

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