Chongqing Verakin Changhao Property Investment

  • Transaction closed April 2010 for the development of two residential projects in the Yuzhong and Banan districts, with construction starting in the first quarter of 2010
  • Total equity investment of $35.0 million, with $18.5 million invested by Century Bridge in a joint venture with regional Chinese real estate developer, Verakin Group
  • Both projects were build-to-sell, middle-income residential projects located in Chongqing China, one of the fastest growing cities in China

Yuzhong Property Investment

  • Development comprised of over 1,370 units in 3 high-rise towers
  • Land area of approximately 127,000 square feet, with buildable area of approximately 575,000 square feet

Banan Property Investment

  • Development comprised of over 3,988 units in 14 high-rise towers
  • Land area of approximately 551,000 square feet, with buildable area of approximately 2.3 million square feet
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PROJECTS