Asia real estate and outbound investment news
Chinese tech company ByteDance has closed a deal to acquire and lease a combined 2.55 million square feet (236,903 square metres) of office and retail space at Tishman Speyer’s The Springs mixed-use megaproject in Shanghai.
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CapitaLand is betting on the continued growth of the Shanghai office market, picking up a newly-completed office project in the city’s Wujiaochang area for RMB 2.64 billion ($388.6 million), according to an announcement today by the Singapore-listed property giant.
