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First Sponsor to divest part of Chengdu Cityspring project for $97.5 mil

By Michelle Zhu

/ The Edge Singapore |

May 30, 2018 11:57 AM SGT

SINGAPORE (May 30): First Sponsor's indirect wholly-owned subsidiary, Chengdu Gaeronic Real Estate, has agreed to sell a portion of its Chengdu Cityspring project for a consideration of RMB465 million ($97.5 million).

Chengdu Cityspring is a mixed-used residential & commercial project based in Chengdu, Sichuan Province, China. On the whole, Chengdu Cityspring comprises six residential buildings, four commercial buildings and 1,272 basement car park lots.

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