2014-07-23 09:01 AM
SINGAPORE--(BUSINESS WIRE)--Jul 22, 2014--Asia Pacific Investment House (APIH) has successfully completed its round one funding for resort development HMB Avication in China, raising US$25m target. With a total project projection of US$50m, early indications are looking extremely positive for the second round which is now open to Investors.
Having formed a strategic alliance with a leading helicopter manufacturer, granting them exclusive licensing rights in Asia Pacific, HMB Avication intends to be the first successful mover into the lower air space market and indeed de-facto monopoly in the industry. A truly unique concept, HMB Avication will be China's first large scale helicopter based ultra-luxury resort and with the worsening traffic burden, its helicopter network intends to eliminate the risks of traffic delays, allowing residents to commute quickly to and from work and their residences.
A 263 acre eco-friendly resort, HMB Avication is to be located in Fogang, strategically chosen for its rich natural resources, preserved environment and accessibility. Featuring ultra-luxury villas, community properties, natural lakes, exclusive hot springs and mountain peak water park, it will be divided into various districts each providing specialized services and amenities, including a 5 star hotel, commercial district, medical centre, wellness & spa facilities, fitness clubs, and 18-hole golf course, driving range and clubhouse, fine dining and entertainment centre, equestrian ranch and pilot training, command and maintenance centre.
Supporting Fogang's strategy for urban and economic development approximately 1000 jobs will be created, providing crucial sustainable employment. In addition, throughout the project development significant work will be undertaken to improve the local infrastructure.
Mr. Shengjun Wang, Executive Chairman HMB Avication said "We are extremely pleased with the US$25m landmark investment achieved by APIH. On completion, we hope to replicate this project model in other cities offering yet further investment benefit returns".
Asia Pacific Investment House (APIH) is a leading venture capital and private equity company, registered in the off-shore regime of the British Virgin Islands, with its operating HQ in Singapore's financial district. With a substantial and diverse global client base APIH provides funding across a wide range of sectors and offers clients Turnkey Consultancy Services and Project Investment Opportunities.
CONTACT: Claire Smedley
PR & Communications Director
Asia Pacific Investment House
Tel: +65 6818 6377
KEYWORD: EUROPE ASIA PACIFIC CARIBBEAN CHINA SINGAPORE
INDUSTRY KEYWORD: TRANSPORT AIR TRAVEL VACATION LODGING PROFESSIONAL SERVICES FINANCE CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY
SOURCE: Asia Pacific Investment House
Copyright Business Wire 2014
PUB: 07/22/2014 08:00 PM/DISC: 07/22/2014 08:00 PM