Century Bridge exits from China real estate project
Century Bridge Capital has cashed out of its $125 million joint venture with Jia Heng Real Estate. It is the Dallas-based private equity firm’s first exit from an investment in China. Terms of the exit were not released.
The joint venture with Jia Heng was agreed in 2008 and led to the construction of 1,200 residential units in 11 high-rise towers in Xi'an, Shanxi province. The project is adjacent to the Xian Hi-Tech Development...
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