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Transactions - OCTOBER 15, 2021

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Sino-Ocean fund buys two class A projects in Beijing

by Andrea Zander

Sino-Ocean Prime Office Partners I, a $1.4 billion fund formed by Sino-Ocean Capital, has purchased Ocean Office Park and Project Z6, two class A office projects located in the central business district of Beijing.

The fund’s investors will be Sino-Ocean Group and global sovereign wealth funds or reputable institutional investors. The transaction is subject to customary closing conditions.

Ocean Office Park totals 108,000 square meters (1.94 million square feet), and blue-chip tenants include Fortune 500 companies. Project Z6, an office-development project with approximately 128,000 square meters (1.38 square feet) and scheduled to be delivered in 2026, combines eco-friendly, modern-office concepts.

 

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