Beijing Office Property | Beijing, China
Renovation of a 602,000 sq. ft. commercial property
Investment Opportunity at Acquisition
- Acquired an iconic property in one of the main central business districts in Beijing, China.
- Sale-and-leaseback opportunity with a large, publicly listed Chinese company.
- 100% of the building will be leased on a long-term lease at market rents with escalations.
- Plan to renovate the property into a grade A- office tower and complete the tenant specified internal fit out.
- Once renovated, the property will be delivered to the tenant, then sold to a core buyer.
Strategy
- Renovation