Asset Type: Residential
Location: Minhang District, Shanghai
Investment Year: 2007
Exit Year: 2009

Acquired a controlling stake in 110 villas in a suburban expatriate neighbourhood on a bare-shell basis and subsequently fitted out the units. The ARE team strata sold about half of the units over 9 months, concurrently leased out the remaining, and eventually transferred the remaining units en-bloc to a domestic developer.