Transactions - APRIL 13, 2020

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Unfinished Beijing office tower sells for $469m

by Andrea Zander

Beijing Zhisheng Yunsha Property Management Co., a fund managed by China Orient Asset Management affiliate Beijing Dongfu Jiaji, has acquired Zhonghong Tower, an unfinished commercial building in Beijing’s Chaoyang district, for RMB 3.32 billion ($469 million).

The seller was Zhonghong Zhuoye Group Co.

Once completed the tower will total 65,616 square meters (tk square feet) spanning 40 stories.

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