Greenland Hong Kong Holdings Ltd says it has raised $300 mn for a real estate fund established together with Kuwait Strategic Investor, reported Gulf Business.

Greenland HK, a unit of Greenland Holdings Corp, announced the deal with its Kuwaiti partner in April, saying it would set up an $8 bn Silk Road Integrated Real Estate Fund for a term of eight years.

The company also said it has shelved plans to buy a stake in New York’s Park Lane real estate project from Kuwait Strategic Investor. Originally, Greenland had planned to purchase a 41% interest in the project.