Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Century Bridge Announces $122 Million China Residential Development

This image opens in the lightbox

News provided by

Century Bridge Capital

30 Mar, 2016, 12:00 GMT

Share this article

Share toX

Share this article

Share toX

$11.5 Million Investment in 840 Unit Joint Venture Project Adds to China Portfolio

DALLAS and BEIJING, March 30, 2016 /PRNewswire/ -- Century Bridge Capital announced today that it has invested $11.5 million in a joint venture real estate development for a middle-income, residential project in Ningbo, China.  The investment follows previously announced joint venture residential investments in Wuhan, Hangzhou, Wuxi, Zhongshan, and Dalian, China on behalf of Century Bridge China Real Estate Fund, L.P.

Logo - http://photos.prnewswire.com/prnh/20130715/NY46088LOGO-b

Commenting on the investment Century Bridge CEO, Tom Delatour, noted, "Market dynamics in this submarket are attractive at this point in time.  Land sales volumes and pricing as well as construction starts are down.  According to China Real Estate Index System ('CREIS'), excess supply in the submarket is getting absorbed with only about six months' worth of inventory remaining.  Additionally, disposable income growth has continued to outpace housing price growth, making housing more affordable.  We are seeing additional equally attractive opportunities as a result of many investors turning their backs on the market at a time when prices are starting to stabilize and the supply-demand relationship is becoming more favorable for new developments.

"Like our previous investments, the Ningbo project is consistent with our established strategy and reflects the characteristics we believe are essential for successful joint venture residential developments in Tier 2 and 3 cities in China.  In addition to the favorable dynamic between affordability and home prices it is in an in-fill site located in a mature submarket with significant growing, unfulfilled demand for middle class housing."

Century Bridge President, Wei Deng, commented, "This is our second joint venture with Jingrui Holdings, who has been an extremely effective and collaborative developer on our Wuxi project which we announced in May of 2014.  Jingrui shares Century Bridge's growth strategy and investment philosophy which, in combination with their focus on projects in Tier 2 and 3 cities, has made our relationship mutually beneficial.  A key component of Century Bridge's strategy is the development of long-term relationships with our local partners.  Consequently, our second joint venture with Jingrui was a natural evolution of our relationship.  In addition, as a Hong-Kong listed national developer with more than 20 years' experience, their history of success and level of expertise has made them and we believe will continue to make them an ideal partner for us." 

KEY FACTS

  • Ningbo – Ningbo is an industrialized city with an extensive private sector operating in industries such as textiles, plastics and molding.  Serving these industries, the Port of Ningbo has grown over the years and is currently the fifth busiest port in the world by shipping tonnage.  GDP has grown 8.1% annually according to National Bureau of Statistics ("NBS").   
  • Established in-fill location – The project is Phase III of a successful ongoing project and the project will benefit from existing project resources including, an existing sales center and model units, utilizing the existing sales team and building on an already substantial potential customer list. 
  • Amenities and transportation – Nearby subway and bus transportation provide quick access to the Ningbo Southern Business District (SBD) the city's prime commercial area.  Two kilometers north and a five minute drive from the Project is the newly opened Yintai Plaza shopping mall with more than 170,000 square meters of retail comprising over 200 stores and an adjacent 130,000 square meters of hotel and office space.  A full range of high quality educational and medical facilities are also within a three kilometer radius of the Project. 
  • Personal Income Growth – Average per capita disposable income has grown at an annual rate of 10% reaching RMB 44,155 in 2014.  During the same period, housing prices have increased at a slower rate of 3.4% resulting in improved housing affordability (NBS).    
  • Joint Venture Partner – The project is being developed by a joint venture of Century Bridge and Jingrui Holdings.
  • Development – The $122 million project includes above ground gross buildable area of 90,204 square meters/970,256 square feet on a site of 45,102 square meters/485,478 square feet. 
  • Residential – Will comprise approximately 87,854 square meters/945,660 square feet (approximately 840 units).

With 100 million people expected to relocate to China's cities by 2020, China's ongoing urbanization and infrastructure needs will continue to drive growth in the Tier 2 and 3 cities.  Century Bridge Capital believes that this dynamic bodes well for continuing stability and investment opportunity in middle-class housing in solid submarkets within China's Tier 2 and 3 cities.

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 growing Tier 2 and 3 cities.  

www.centurybridge.com

PRESS CONTACT: 

 COMPANY CONTACT:

Guy Lawrence

Jeff Tucker

Ross & Lawrence

Century Bridge Capital

+1-212-308-3333

+1-214-270-2121

gblawrence@rosslawpr.com 

jtucker@centurybridge.com  

Related Links

http://www.centurybridge.com

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.