Singapore’s CapitaLand sells China property for $352 mln

Article Date : 09 September 2008
News Section: Singapore

Singapore´s CapitaLand has sold its indirect wholly-owned subsidiary, Hua Lei Holdings, for $352 million. Hua Lei Holdings indirectly owns 100% of office property, Capital Tower Beijing. The sale of Capital Tower Beijing, which comprises two 35-story office towers with a gross floor area of 107,627 sq m, to a Fortune 500 company will yield CapitaLand a gain...

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Article provided by China Economic Review.
Read the full article here: http://www.chinaeconomicreview.com/realestate/2008/09/10/singapores-capitaland-sells-china-property-for-352-mln.html

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