Century Bridge China Real Estate Fund, a fund managed by Century Bridge Capital, has exited and repatriated the proceeds from its investment in Dalian, China. The fund closed on its $24.5 million investment in the $87 million development in January 2015 in joint venture with regional developer, Dalian Guanxin Investment Corp.
Located in Dalian in an established in-fill location in Dalian’s Economic Development and Technological Zone, at the core of the Jinzhou New District, the project benefited from being in one of the highest GDP districts in Liaoning province. The development includes 1,419 residential units in a combination of high-rise apartments and loft apartments in four 24-story towers and low-rise apartments and lofts in one five-story building and a second six-story building.
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, raised more than $170 million of total committed capital from 10 global institutions.
