Shanghai NOVA Real Estate Co., Ltd.
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Shanghai NOVA Real Estate Co., Ltd. - overview
Established
2015
Location
Shanghai, -, China
Primary Industry
Real Estate Development & Operating Companies
About
Founded in 2015 and based in Shanghai, China, Shanghai NOVA Real Estate Co. , Ltd. operates is a property investment and asset management service provider, focusing on operational property investment and asset management. Currently, its assets under management reached CNY 5 billion.
By June 2017, the company held 32 projects with a total licensed area of 190,118 square meters, in addition to the existing boutique apartments, office space and stores. In September 2017, NOVA Property Investment (Shanghai) Co. , Ltd. raised USD 183 million in strategic investment from returning investor Warburg Pincus.
The company aim at acquiring old property assets in city centers and transforming them into modern rental apartments for holding, operation and asset management. It owns the BASE brand of rental apartments, which includes mid-range and high-end serviced apartments, base living, and mid-range shared apartments, base co-living.
Current Investors
Warburg Pincus
Primary Industry
Real Estate Development & Operating Companies
Sub Industries
Real Estate Development & Operating Companies
Company Stage
Early Stage
Total Amount Raised
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Shanghai NOVA Real Estate Co., Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| N/A | Completed | Graceland International Hotel | - |
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