To the Business Editor
For Immediate Release
CITIC Capital Raised USD225 million for
its Fourth Real Estate Fund on First Closing(Hong Kong, 14 November 2011) CITIC Capital Holdings Limited (“CITIC Capital”)
announced today that the CITIC Capital China Retail Properties Investment Fund(or “the Fund”) has completed its first closing at USD225 million on 5 November
2011. The Fund has attracted institutional investors from U.S., Europe, and Asia.
Townsend Group, a leading global real estate investment manager and consultant, isthe cornerstone investor in the Fund. The Fund is the fourth successor fund of CITIC
Capital Real Estate Group, which has to date successfully invested in 18 projects inChina, with asset value of over USD3 billion. CITIC Capital China Retail Properties
Investment Fund aims to raise a total capital commitment of USD600 million.
This fourth fund of CITIC Capital Real Estate Group focuses on retail property andmixed-used development with substantial retail portion in the second and third tiercities in China, which offer high potential of economic growth that are strongly
driven by urbanization. The Fund will seek investment opportunities in retailproperties through acquisition and co-development with reputable local partners.
ID Mall, a nearly completed upscale shopping mall in Changsha is a seed investmentof the Fund. ID Mall has a retail gross floor area of approximately 86,000 square
meters and is located in the prime area of Changsha. Changsha, capital of Hunan
province, is one of the most vibrant cities in Central China with strong economic
growth as well as high consumer spending potential.
“Thanks to the proven track record of the three previous real estate funds, we aredelighted that top-tier institutional investors have shown keen interest in the Fund
despite the prevailing market environment. We are confident that CITIC Capitalwill continue to stay competitive in the China real estate investment market anddeliver strong returns to its investors,” said Mr. Yichen ZHANG, Chief Executive
Officer of CITIC Capital.
Mr. Stanley CHING, Senior Managing Director and Head of CITIC Capital’s Real
Estate Group, believes that there are tremendous opportunities in the second andthird tier cities, especially when infrastructure and transportation networks in thoseregions will be further improved in coming years. He believes domestic
consumption will play a more important role in China's economic growth and thatthe retail industry will benefit from Chinese government's 12th Five Year Plan. He is
confident that CITIC Capital is well positioned to continue its success with its
established team and focused strategy, as well as proprietary shareholders’ resources.

28/F, CITIC Tower, 1 Tim Mei Avenue, Central, Hong Kong
香 港 中 環 添 美 道 1 號 中 信 大 廈 28 樓Tel 電 話: +852 3170 6888 ︱ Fax 傳 真: +852 2523 8312
www.citiccapital.com ︱ info@citiccapital.com

“The China market is definitely what we have eyes for, especially when our clientsare getting more sophisticated with their investment in emerging markets. Investors
nowadays are looking for local manager with proven track record, an establishedplatform and a high standard of governance. We are delighted that CITIC Capital
has all these qualities and is one of the very few local managers that has been
focusing on investing in China with an excellent track record. We will continuously
support local managers with similar nature in the region,” said Mr. Joseph TANG,
Director of Townsend Group.
About CITIC Capital Holdings Limited
Founded in 2002, CITIC Capital Holdings Limited is an alternative investment
managementandadvisory
firm.
Thefirm
managesoverUSD4.6 billion of capital from a diverse group of international and Chinese investors.
Our core businesses include Private Equity, Real Estate, Structured Investment &Finance and Asset Management. CITIC Capital currently employs over 170 staff
members across its offices in Hong Kong, Shanghai, Beijing, Tokyo and New York.
CITIC Capital is owned by China Investment Corporation (CIC), China’s sovereign
wealth fund, CITIC International Financial Holdings Limited (CIFH) and Hong
Kong-listed CITIC Pacific Limited. Both CIFH and CITIC Pacific are part of CITIC
Group, the largest and most comprehensive conglomerate in China.
- End For media enquiries, please kindly contact:
Cindy TAM
DirectorCorporate Relations
CITIC Capital Holdings Limited
Tel: +852 3710 6813
Fax: +852 2169 3636
Email: cindytam@citiccapital.com

28/F, CITIC Tower, 1 Tim Mei Avenue, Central, Hong Kong
香 港 中 環 添 美 道 1 號 中 信 大 廈 28 樓
Tel 電 話: +852 3170 6888 ︱ Fax 傳 真: +852 2523 8312
www.citiccapital.com ︱ info@citiccapital.com