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Rayzone Beijing

Sino-Ocean Sells Stake in Beijing Office Building to Ping An for $740M

2022/06/16 by Mingtiandi Team Leave a Comment

Chinese developer Sino-Ocean Group Holding has sold its stake in a commercial project in Beijing’s Fengtai district for RMB 5.02 billion ($740 million) to Ping An Life Insurance amid weakening sales and dropping bond prices.

The mainland financial heavyweight has… Read More>>

lee-kok-sun GIC

GIC Buys 50% Stake in Beijing Office Building for RMB 3.03B

2019/11/09 by Jan Kot Leave a Comment

Singapore’s GIC is buying out its partner’s half-stake in a Beijing office building for around RMB 3.03 billion ($433 million), as the sovereign wealth fund bets on the capital’s emerging business district.

GIC is purchasing the 50 percent stake in… Read More>>

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