GIC acquires landmark office building in Beijing's emerging financial centre

Uma Devi
Uma Devi11/7/2019 12:23 PM GMT+08  • 1 min read
GIC acquires landmark office building in Beijing's emerging financial centre
 
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SINGAPORE (Nov 7): Singapore sovereign wealth fund GIC has reportedly acquired a 50% stake in an office building in Lize Financial Business District (LFBD), an emerging central business district in Beijing, for an undisclosed sum.

The 42-storey Grade A building is situated in a prime location in terms of visibility and accessibility, says GIC in a media release on Thursday.

GIC notes that the building is the tallest in the district, and is directly connected to an interchange station for key public transport lines.

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