China Vanke, one of the biggest publicly traded developers in Mainland, has agreed to increase its equity interest in a bundle of assets from Zhongqiao Party for 1.76 billion yuan in cash, The Standard reported. Zhongqiao Party is formed by Shanghai Zhongqiao, Shanghai Nandu Industrial Investment and Nandu Group Holdings. Once the deal is complete, the company will hold an 80 percent interest in Zhejiang Nandu, a 70 percent stake in Suzhou Nandu and gain full ownership of Zhenjiang Runzhong and Zhenjiang Runqiao. By acquiring further holdings in these companies, China Vanke has gained an aggregate 2.69 million square meters of project sites, most of which are in the development stage.