According to Mingtiandi’s a news, a joint venture led by real estate investment manager AEW has purchased a 21-storey office tower in Beijing for a total compensation of RMB 4.5 billion.

AEW joined with Beijing-based private equity investor Hony Capital to purchase the north tower in the Beijing Oriental Culture and Art Center in Dongcheng district from Hong Kong-listed Hopson Development, which announced the sale of the 53,119 square metre asset to the stock exchange on November 30th.

The deal gives AEW and Hony control over a 12-year-old asset just west of the eastern section of the capital’s Second Ring Road, just a 10-minute walk south of the Dongsishitiao station on Beijing’s metro line two.

Source: Mingtiandi
Fulya Altunyay/ fulyaaltunyay@realestetecoulisse.com

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