Investors Receive Repatriated Proceeds from China Residential Development

BEIJING and DALLAS, Dec. 12, 2016 /PRNewswire/ -- Century Bridge Capital announced today that Real Estate Fund, L.P.  has successfully exited and repatriated the proceeds from its investment in Wuxi, China. The fund closed on its investment in the $217 million development in April 2014 in joint venture with Hong Kong listed national developer, Jingrui Holdings. 

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Located in the city of Wuxi in an established in-fill location in Xidong New City the development is part of a growing neighborhood in the Xishan Industrial District of Wuxi.  The project is adjacent to the Wuxi East High-Speed Train Station with close proximity to educational resources, retail amenities, and local subway transportation as well as hospital facilities.  The development includes 1,694 residential units in six high rise towers and a series of low rise townhouse structures.

Century Bridge Capital is a private equity firm with offices in Dallas, Texas and Beijing, China.  The firm is focused exclusively on investment in the middle-income, residential real estate sector in China's fast growing Tier II cities.  Its China-focused private equity real estate fund, Century Bridge China Real Estate Fund, L.P., raised over $170 million of total committed capital from ten global institutions.

PRESS CONTACT:  












COMPANY CONTACT:

Guy Lawrence  












Jeff Tucker

Ross & Lawrence   












Century Bridge Capital

+1 212-308-3333   












+1 214-270-2121

   












 

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