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 Invests in $114 Million Residential Project in Taicang China Expanding Established Relationship with Chinese JV Partner, Jingrui


News provided by

Century Bridge Capital

02 Apr, 2020, 11:03 GMT

Share this article

Share toX

Share this article

Share toX

BEIJING and DALLAS, April 2, 2020 /PRNewswire/ -- Century Bridge Capital announced today that it has invested in a Chinese middle-income, residential project in Taicang, China.  The project is a joint venture with Hong-Kong listed developer Jingrui, with whom Century Bridge has previously developed successful projects in Ningbo and Wuxi.

Continue Reading
This image opens in the lightbox
Century Bridge Invests in $114 Million Residential Project in Taicang China

Taicang Overview
Taicang is a county-level city in the district of Suzhou in Jiangsu province. Located south of the Yangtze River estuary bordered by Shanghai to the south, the city serves as an extension of Shanghai's manufacturing footprint and has attracted significant foreign investment, especially from Germany.  With over 3000 German companies in Taicang and total investment of over USD 5 billion, Taicang is well-known as the "hometown of German Enterprises".  The Taicang Port functions as an important extension of  Shanghai Port and is currently the largest river port and the 12th largest port in China by container volume. 

Management Commentary
Commenting on the project Century Bridge CEO, Tom Delatour, noted, "The Taicang opportunity allowed us to invest in a project supported by strong local industry drivers and build on our established relationship with Jingrui. Taicang's solid economic fundamentals support the viability of the current and longer-term residential market.  We believe the 676 unit project is well positioned to capitalize on its location adjacent to the city's High-tech Zone.   In addition, the strength of the local economy should support the ongoing demand for attractive affordable downtown housing. With presales estimated to start in November 2020 we feel our timing is right on target."

Century Bridge President, Wei Deng, added, "We are pleased to be developing a third project with Jingrui.  Their established local development and sales team with whom we will be working has developed two projects in Taicang with a total gross floor area of 545,197 square meters generating revenue exceeding RMB 5 billion.  We previously worked with the general manager for the Taicang team on our joint Wuxi project which we successfully exited in 2016 and we are very excited about working with him again. Based on the success of the Ningbo and Wuxi projects and the collaborative relationship we have developed with Jingrui, we are confident that we will also benefit from their intimate knowledge of cities in the Suzhou district as we work together in developing and marketing the Taicang project."

Taicang Investment - KEY FACTS

  • Taicang, located in the heart of the Yangtze River Delta Region, is geographically the closest city to Shanghai alongside the Yangtze River and is strongly integrated with Shanghai. In 2018 Taicang's GDP grew 11.9%, surpassing the national growth rate of 6.6%, with a total GDP of 133.1 billion RMB and achieving a 5-year compounded annual growth rate (CAGR) of 7.4%.
  • Residential demand drivers – The project is located next to Taicang's High-tech Zone where over 3,000 German enterprises are clustered. With limited land availability there is a lack of residential supply in the Taicang's downtown, with only seven comparable projects available for sale. Due to increasing job opportunities created by the consistent business growth, the permanent population has increased by approximately 12,200 residents over the past five years.
  • Location - The Xinhu Industrial Area where the project is located is included in the downtown area. East of the project is the Taicang High-tech Industrial Zone where substantial employment growth continues to generate a large number of potential buyers.
  • Amenities and Transportation – The site is within close proximity to Elementary and High Schools, Medical services, shopping centers, parks and recreation facilities are within 10 minutes by car. Two high-speed railways under construction with expected completion in June 2020. Upon completion travel time to Shanghai will be reduced to 15 minutes.
  • Personal Income Growth/Affordability - Average per capita disposable income grew to RMB 63,076 in 2018 reflecting an annual growth rate of 8% for the five years ended December 31, 2018 and making it higher than most cities in China. In the downtown area the housing price-to-income ratio of a typical apartment for a household of three is estimated at 9.7. With an expected average price of RMB 15,000, our project will be more affordable at a price-to-income ratio of 7.9.
  • Joint Venture Partner – The project is being developed by a joint venture of Century Bridge and Jingrui, a Hong Kong listed developer with which Century Bridge has previously developed projects in Ningbo and Wuxi.
  • Development – The $114 million project includes above-ground, gross buildable area of 65,511 square meters/705,159 square feet on a site of 32,722 square meters/352,757 square feet.
  • Residential – Will comprise approximately 64,224 square meters/691,315 square feet, representing 98% of above ground, gross buildable area, consisting of eight high-rise buildings with 676 residential units and including 503 underground parking spaces.

Century Bridge is a private equity firm with offices in Beijing, China and Dallas, Texas.  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

212-308-3333                                                     

214-270-2149

gblawrence@rosslawpr.com                          

jtucker@centurybridge.com

Photo - https://mma.prnewswire.com/media/1140490/Century_Bridge_Capital___Taicang_China.jpg

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.