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.

Out of its commercial buildings component, two blocks are 29-storey buildings while the other two are a three- and four- storey block, respectively.

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