CR CHINA RETAIL REAL ESTATE INCOME 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 investing in stabilised, income-generating retail properties in Tier 2 and Tier 3 cities in the People’s Republic of China (excluding Hong Kong, Macau and Taiwan), 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 completed 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 USD300 million
Fund-type Closed-ended
Geographic focus Greater China
Sector focus Retail
Strategy Core +
Target returns 12-15% IRR
(Refers to net return to investors)