Transactions - NOVEMBER 8, 2019

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GIC acquires landmark office building in Beijing

by Released

GIC, Singapore’s sovereign wealth fund, has acquired a 50 percent stake in an office building in Lize Financial Business District, an emerging central business district in Beijing. Following this acquisition, the building will be wholly owned by GIC.

Situated at the center of the Lize Financial Business District, the class A, 42-story asset is the district’s tallest building. It stands along Lize Road, a major thoroughfare, and is also directly connected to an interchange station for key public transport lines. Its accessibility and attractiveness to potential tenants will be further enhanced by upcoming infrastructure developments in the Lize Financial Business District.

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