Century Bridge Capital exits JV with Zhongliang Real Estate Group

Century Bridge Capital has successfully exited and repatriated the proceeds from its investment in Xuzhou, China. Century Bridge and co-investor Deutsche Finance Group closed on their investment in the $204 million, 1,427-unit development in May 2018 in joint venture with Zhongliang Real Estate Group.

Located in Xuzhou’s established Tongshan District, the development has benefited from surrounding infrastructure and amenities. The project is across the river from the Tongshan district government office and a subway line currently under construction will start operation in 2020, bringing two subway stops within walking distance to the site.

Century Bridge president, Wei Deng, said, “Our timely exit from the Xuzhou investment demonstrates the continuing value that has come from our on-the-ground presence in China and our established relationships with our Chinese partners. Zhongliang has been developing projects in China for 26 years and is ranked as a top 25 real es