Frasers Property Sells Beijing Hotel Apartment to Tishman Speyer JV

Posted on 01/24/2021

Frasers Property is a Singaporean multinational real estate and property management company that develops, owns, and manages properties in across the globe. Frasers Property has divested its entire interest in a Beijing hotel apartment property to Shanghai Fu Ting Qi Ye, a venture formed by Tishman Speyer RMB funds and Shanghai Dowell Trading Co., Ltd. for 1.6 billion CNY. The property was held by Beijing Fraser Suites Real Estate Management.

Fraser Property has extensive operations in China under Fraser Property China, which develops residential, commercial, logistics, and business parks. Fraser Property also has a hospitality unit that runs Frasers Hospitality, which operates 16 properties with two due for completion in 2021 – in the cities of Nanjing and Guangzhou.

Shanghai Dowell Trading Co., Ltd. was founded in May 1994 with a registered capital of 105 million CNY. At the beginning of its establishment, it was engaged in the research and development and production of electronic watt-hour meters, and it was one of the first manufacturers of electronic watt-hour meters in China.

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