Century Bridge invests $131m in residential project in Huzhou, China

Century Bridge Capital has invested $131 million in a middle-income, residential project in Huzhou, China.

The project will be jointly developed with Redsun Real Estate, a Hong Kong–listed developer based in Nanjing, China.

Huzhou is a prefecture city in the northern Zhejiang Province in the Yangtze River Delta. It is known as the “City of Silk” in China and is an important manufacturing area for the region.  As a pilot city in China’s strategic plan, “Made in China 2025,” Huzhou’s manufacturing sector is well developed, with prosperous industries including traditional as well as high-tech and emerging industries. Government support has attracted investments from high-tech companies such as Huawei.

The first phase of the residential project consists of 377 low-rise units and 57 townhouses, along with 350 underground parking units, as well as a kindergarten facility with 15 classrooms. The project is located in the Renhuang Mountain Area, which is