Asset Type: Residential
Location: Xiangzhou District, Zhuhai
Investment Year: 2009
Exit Year: 2009

Funded majority stake in a joint venture with a leading local developer to acquire a foreclosed land parcel and develop a 214,000 sqm residential project in Nanping Town of Zhuhai. Due to the negative impact of the Global Financial Crisis, we negotiated a sale of the stake to the developer partner within a year of the investment for an attractive return.