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Singapore's sovereign wealth fund GIC has acquired LG Twin Towers from South Korean conglomerate LG Group for over 8 billion yuan (S$1.59 billion).
Located in the Guomao central business district in Beijing, China, the integrated development comprises two Grade-A office towers and a retail podium, GIC said in a media statement on Wednesday.
The development has a total gross floor area of 140,680 square metres and a well-diversified tenant mix.
It is situated along Changan Avenue, a key artery road in Beijing, and offers direct access to the Yonganli subway station.
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Previous news selection
Singapore condo resale prices edge up in January: SRX
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About Agent.sg Daily Property News Selection
Agent.sg's Daily Property News Selection brings you the most important property market news in and around Singapore. We list the best articles on real estate development, property investment and on the property listing market on a daily basis - whoever stays out, misses out.
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