CR CHINA RETAIL REAL ESTATE DEVELOPMENT FUND I, L.P.
Highlights of the Offering
Sponsored by China Resources, one of China's most experienced retail operators and property developers.
Fund managed by Harvest Capital Partners and assets managed by SZITIC Commercial Property, one of China's most experienced shopping centre managers and developers.
High quality pipeline that mitigates delivery risk to capitalise on the attractive economic and retail sector fundamentals in China.
Overview
The Fund has been established for the purpose of developing income-generating retail complexes in Tier 2 and Tier 3 cities in the People’s Republic of China (excluding Hong Kong, Macau and Taiwan), principally identified, developed and managed by SZITIC Commercial Property Co., Ltd. (“SCP”), a commercial property developer and asset manager in China with in-depth and hands-on experience in developing and managing regional shopping malls in the PRC.
The Fund’s portfolio strategy will target the retail sector in the PRC, focusing on developing retail malls anchored by a major supermarket. Investments are expected to be located in cities with strong macro-economic fundamentals, favourable retail market conditions and high growth potential.
Key Highlights
| Fund sponsor | China Resources |
| Targeted Equity commitment | USD500 million |
| Fund-type | Closed-ended |
| Geographic focus | Greater China |
| Sector focus | Retail |
| Strategy | Opportunistic |
| Target returns |
20% IRR (Refers to net return to investors) |