COVID TIMES: GIC and AEW Capital Buy Beijing Office Property
Posted on 08/03/2020
Singapore’s GIC Private Limited and AEW Capital, through its AEW Value Investors Asia IV fund, acquired a Beijing office property for less than 3 billion RMB. AEW is rumored to hold a greater stake in the Beijing building. Chinese group Sigma Delta Partners will also hold less than a 10% stake in the office building.
The building is 1.1 million square feet and is near Beijing Financial Street. The building is vacant.