SG's CapitaLand buys Beijing plaza as it taps special situations bets in China

SG's CapitaLand buys Beijing plaza as it taps special situations bets in China

The asset repositioning for Beijing Beijing Suning Life Plaza is scheduled to start in the first quarter of 2023. Source: CapitaLand Investment

Singapore’s CapitaLand has agreed to acquire Beijing Suning Life Plaza, a mixed-use development, from China’s debt-ridden Suning Real Estate for a total consideration of S$553 million ($411.4 million).

Edited by: Padma Priya

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