Century Bridge Capital sells first property in China
Century Bridge Capital has announced Century Bridge China Real Estate Fund has 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 a joint venture with Hong Kong–listed national developer Jingrui Holdings.
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 and Beijing. The firm is focused exclusively on investment in the middle-income, residential real