Everbright Ashmore exits Chongqing shopping for 2.1x return
Everbright Ashmore has sold its investment in Chongqing shopping mall IMIX Park, making the second exit from the $153 million Everbright Ashmore China Real Estate Fund I.
The Beijing-headquartered real estate fund manager - a joint venture between emerging markets investment manager Ashmore and China Everbright Group - realized an IRR of 27% and a money multiple of over...
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