everbright prestige – cel china real estate opportunities fund iii officially launched
china everbright limited (“cel”, stock code: 165.hk) recently announced the official launch of everbright prestige – cel china real estate opportunities fund iii, jointly established by everbright prestige capital asset management company limited (“everbright prestige”) and eba investment management limited (“eba investments”). the announcement was made during a launch ceremony at the everbright investment conference 2016, held on 20 october 2016 in qingdao.
mr. chen shuang, executive director and chief executive officer of china everbright limited, shared about the strategic layout, development and investment direction of cel’s real estate funds, and highlighted the special features and strengths of everbright prestige – cel china real estate opportunities fund with attendees. mr. james pan, chief executive officer of eba investments, mr. chen hongfei, chief investment officer of eba investments, and mr. wang yizhe, general manager of everbright prestige also attended the event.
everbright prestige – cel china real estate opportunities fund leverages synergies within cel by combining eba investments’ 10 years of experience in fund investment management and everbright prestige’s expertise in asset management. it currently sits at rmb 14 billion following two phases of fundraising and is expected to reach rmb 17 billion after phase iii, with the majority of those funds already in place.
everbright prestige – cel china real estate opportunities fund iii is anticipated to benefit from china’s de-stocking and deleveraging policies for the real estate sector by focusing on investment projects in urban renewal, public transport construction and property development, industrial park development, commercial real estate mergers, acquisitions and operations. as an “analogus committed fund”, it is a floating income product that follows regulatory directives and international trends by effectively managing risk and attaining stable income through a portfolio of diversified investments with various terms, risks, income and real estate modes, distinguishing it from other funds in china.
mr. chen shuang, executive director and chief executive officer of china everbright limited, shared about the strategic layout, development and investment direction of cel’s real estate funds, and highlighted the special features and strengths of everbright prestige – cel china real estate opportunities fund with attendees. mr. james pan, chief executive officer of eba investments, mr. chen hongfei, chief investment officer of eba investments, and mr. wang yizhe, general manager of everbright prestige also attended the event.
everbright prestige – cel china real estate opportunities fund leverages synergies within cel by combining eba investments’ 10 years of experience in fund investment management and everbright prestige’s expertise in asset management. it currently sits at rmb 14 billion following two phases of fundraising and is expected to reach rmb 17 billion after phase iii, with the majority of those funds already in place.
everbright prestige – cel china real estate opportunities fund iii is anticipated to benefit from china’s de-stocking and deleveraging policies for the real estate sector by focusing on investment projects in urban renewal, public transport construction and property development, industrial park development, commercial real estate mergers, acquisitions and operations. as an “analogus committed fund”, it is a floating income product that follows regulatory directives and international trends by effectively managing risk and attaining stable income through a portfolio of diversified investments with various terms, risks, income and real estate modes, distinguishing it from other funds in china.
mr. chen shuang, executive director and chief executive officer of china everbright limited
mr. james pan, chief executive officer of eba investment management limited
mr. wang yizhe, general manager of everbright prestige capital asset management company limited
(from left) mr. chen hongfei, chief investment officer of eba investment management limited, mr. chen shuang, executive director and chief executive officer of china everbright limited,mr. james pan, chief executive officer of eba investment management limited,mr. wang yizhe, general manager of everbright prestige capital asset management company limited