Singapore-based City e-Solutions Limited announces that it has committed to make a US$25 million investment in BEA Blue Sky Real Estate Fund.
The investment will be made through CES Capital, a wholly-owned subsidiary of City e-Solutions.
BEA Blue Sky Real Estate Fund is a real estate private equity fund focused on making investments in real estate assets and real estate-related assets in Greater China.
Despite government tightening measures, China’s real estate sector continues to display future growth potentials. In May, average home prices in China’s 100 biggest cities rose for the 12th straight month, according to a private survey.
City e-Solutions is an investment holding company with interest primarily in the hospitality sector. Formerly known as CDL Hotels International, City e-Solutions is listed on the Hong Kong Stock Exchange and traded in CLOB International in Singapore and the Amsterdam Stock Exchange.
The Investment is subject to City e-Solutions shareholders’ approval. The company says it has received a written approval by shareholders holding approximately 52.52% of its shares.