Chinese private equity firm Century Bridge Capital announced that it has invested $11.7 million in a middle-income residential project in Renhuai.
The investment will be made through a joint venture with Chinese real estate developer Guizhou Chuangmeng Real Estate.
The $178 million project includes above-ground, gross buildable area of 234,891 square meters, 2.5 million square feet on a site of 71,816 square meters.
The investment represents the opportunity to invest in the final three residential phases of an established existing project which will include more than 1.1 million total square meters of residential, retail, hotel and office when completed.