RE IV Limited has acquired land in China for CNY 1,210 million in total

Hong Kong, 26 October 2020: RE IV Limited has, indirectly through intermediate holding vehicles, acquired land intended for residential development in the Shandong Province, China (the “Acquired Land”). The purchase price for the Acquired Land is approximately Renminbi Yuan (CNY) 1,210 million in total. RE IV Limited’s parent company White Peak Real Estate IV L.P. has made an equity contribution of CNY 404 million to RE IV Limited in order to, inter alia, facilitate the financing of the Acquired Land.

For further information, please contact:

Karen Xu, Head of Investor Relations

Tel: +86 158 2156 4358
Email: 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 over 400 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).