GIC buys tallest building in Beijing's Lize financial district

The firm will wholly own the property after the purchase.

Sovereign wealth fund GIC has purchased a 50% stake in an office building in Beijing’s Lize Financial Business District, according to a press release.

Situated at the centre of the LFBD, the grade-A, 42-storey asset is the district’s tallest building, and enjoys a prime location in terms of visibility and accessibility. It stands along Lize Road, a major thoroughfare, and is also directly connected to an interchange station for key public transport lines.

Its accessibility and attractiveness to potential tenants will be further enhanced by upcoming
infrastructure developments in the LFBD, GIC said.

GIC will wholly own the building after the acquisition.