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CapitaLand wins bid for prime Guangzhou site while expanding footprint
The mixed-use 4.7ha asset sits in a China govt-backed innovation and technology hub
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Nisha Ramchandani
Published Mon, Nov 12, 2018 · 09:50 PM
Singapore
CAPITALAND has won a prime mixed-use, 4.7 hectare site in Guangzhou, China, for 882 million yuan (about S$175 million) as it continues to expand its footprint in Guangzhou.
The property developer holds a 75 per cent stake in the development, with the remainder held by an unrelated third party.
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