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Century Bridge Capital announced this week that it has invested US$32.8 million in a joint venture with Zhejiang Headway Real Estate for the development of a residential project in Hangzhou.
The project will comprise 321,119 square meters and is located in Lingping New City in a well-developed district in northeast Hangzhou.
Funding for the investment was provided by Century Bridge China Real Estate Fund LP.
The investment follows on Century Bridge’s recent announcement of its US$44.4 million investment in a joint venture for the development of a 162,030-square-meter residential project in Wuhan, Hubei Province.
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