NEW YORK (Reuters) - Luxury U.S. home builder Toll Brothers Inc (TOL.N: Quote, Profile, Research) is looking for a partner in China to help it jump into the housing business in the world's fastest-growing economy.
"We've discovered that we are known in China without ever having been there, which came as a complete surprise, but it's there," Chief Executive Robert Toll said at the Reuters Real Estate Summit in New York. "I can envision Toll suburbia, I can envision golf course communities, I can envision high-rise."
A team from the Horsham, Pennsylvania-based company, which last year generated $6.12 billion in revenue, is leaving next week to visit major and second-tier cities across China. Toll said the aim is to join forces with a well-established builder in the China market that would benefit from the Toll name.
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