The Blackstone Group has bought an office and retail complex in Shanghai from Mapletree Investments of Singapore for about US$1.25 billion – the latest mega deal in China’s commercial property sector clinched by offshore investors.
The US investment firm, founded by the billionaire Steve Schwarzman, has completed the purchase of five office blocks and the mall, known as Mapletree Business City Shanghai and VivoCity Shanghai, comprising 270,000 square metres in the southwestern…
Source : South China Morning Post
Read more…Blackstone buys Shanghai office and mall project from Singapore’s Mapletree Investments for US.25 billion















