sector fund initiated by everbright ashmore announces completion of contract signing
business related 30 oct 2014
on 27 october 2014, china everbright limited (“everbright”) is pleased to announce the contract signing of a rmb7.5 billion sector fund (“the fund”) initiated by everbright ashmore has been completed.
the fund plans to invest all this money into the international finance and technology industrial base located in beijing tongzhou canal core area. the project has a total gross floor area of nearly 800,000 square metres, which the government is going to turn it into the second most important area in the capital focusing on finance, advanced technology and culture. everbright plans to build on core properties to create a multi-purpose cluster that combines commerce, finance, technology, offices, high-end residences and cultural amenities
as the actual controller and project manager of the fund, everbright will take advantage of its brand resources through the development of industry cluster, property customisation and corporate financial services. the newly-concluded agreement is anticipated to help everbright further enhance its reserve of core properties and support its plans to access overseas reits markets, for continued expansion of its cross-border asset management business.
the fund plans to invest all this money into the international finance and technology industrial base located in beijing tongzhou canal core area. the project has a total gross floor area of nearly 800,000 square metres, which the government is going to turn it into the second most important area in the capital focusing on finance, advanced technology and culture. everbright plans to build on core properties to create a multi-purpose cluster that combines commerce, finance, technology, offices, high-end residences and cultural amenities
as the actual controller and project manager of the fund, everbright will take advantage of its brand resources through the development of industry cluster, property customisation and corporate financial services. the newly-concluded agreement is anticipated to help everbright further enhance its reserve of core properties and support its plans to access overseas reits markets, for continued expansion of its cross-border asset management business.
