Cushman & Wakefield Facilitates US$400 Million Transaction of Mixed-Use Development in Beijing
Retrieved on:
Wednesday, May 17, 2023
REIT, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Chaoyang, Cushman & Wakefield, Capital market, Real estate investment trust, CWK, Landmark Life Plaza, Beijing E-Town, Acquisition, China Securities Regulatory Commission, NYSE, Bank
Cushman & Wakefield's (NYSE: CWK) Greater China Capital Markets team recently facilitated the acquisition by CapitaLand Investment Private Fund of the Beijing Suning Life Plaza mixed-use development from Suning for approximately US$400 million.
Key Points:
- Cushman & Wakefield's (NYSE: CWK) Greater China Capital Markets team recently facilitated the acquisition by CapitaLand Investment Private Fund of the Beijing Suning Life Plaza mixed-use development from Suning for approximately US$400 million.
- Located in the Chaoyang central business district, the property has a total gross floor area of approximately 714,000 square feet comprising both office and retail space.
- “We are honored to have facilitated and brokered the Beijing Suning Life Plaza investment deal.
- Following the acquisition, the fund plans to renovate a section of the commercial area for office use,” said Charli Chan, Cushman & Wakefield’s Executive Director, Capital Markets, Greater China.