Re IV Limited
Re IV Limited: RE IV Limited has acquired land in China for CNY 1,418 million in total
Press release RE IV Limited has acquired land in China for CNY 1,418 million in total Hong Kong, 21 February 2020: RE IV Limited has, indirectly through intermediate holding vehicles, acquired land intended for residential development in the Hebei, Shandong and Liaoning Province, China (the “Acquired Land”). The combined purchase price for the Acquired Land is Renminbi Yuan (CNY) 1,418 million in total. RE IV Limited’s parent company, White Peak Real Estate IV L.P., has made an equity contribution of CNY 998 million to RE IV Limited, in order to facilitate the financing of the Acquired Land. For more information, please contact: Karen Xu | Head of Investor Relations | +86 158 2156 4358 | karen.xu@wprei.com About White Peak White Peak is a residential developer benefiting from the continuous and rapid urbanisation in China, targeting the growing middle-income class in underserved large cities (population of 5-10 million). Limited partners of the Fund are some of the largest Swedish national pension funds. The company has a full in-house development platform and 360 employees. White Peak is headquartered in Beijing and has a main focus on residential development in the Shandong, Hebei and Liaoning Provinces (with a total population of c. 250 million). End of Media Release Issuer: Re IV Limited Key word(s): Real estate
21.02.2020 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Re IV Limited |
Room 8, 10-15, 6F, Tower 1, Prosper Center, No.5 Guanghua Road, | |
Chaoyang District Beijing | |
China | |
Internet: | wprei.com |
ISIN: | SE0012741064 |
WKN: | A2R42M |
EQS News ID: | 980743 |
End of News | DGAP Media |