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CDL buys 24% stake in China co-working space operator Distrii
Published Thu, Jan 19, 2017 · 09:50 PM
Singapore
SINGAPORE-LISTED property group City Developments Limited (CDL) has signed an agreement to invest 72 million yuan (S$14.8 million) for a 24 per cent stake in Distrii, an operator of co-working spaces in China.
Distrii, making its first foray outside China, will be leasing more than 60,000 square feet of space at CDL-owned Republic Plaza Tower 1 in Singapore's Central Business District.
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