ING Real Estate and Gemdale set up a third joint venture to develop a residential project in Wuhan

ING Real Estate today announced that its ING Real Estate China Opportunity Fund has signed an agreement with Gemdale Corporation, one of the largest property developers in China, for a residential development project in the downtown district of Wuhan, the capital city of Hubei province with an area of 8,500 square kilometers and a total population of over 8 million.