Located in the Central Business District in Chaoyang District, Capital Square Beijing was acquired in October 2022 through a court auction.
CapitaLand Investment Limited (CLI) (SGX:9CI
) has formed a RMB2.4 billion ($447 million) joint venture with AIA Life Insurance (AIA) to recapitalise Capital Square Beijing, a Grade-A office building in Beijing, according to a Jan 31 announcement.
Under this partnership, CLI will divest a 95% stake in Capital Square Beijing to AIA and hold the remaining 5% stake. CLI will provide asset management services for the joint venture, which will contribute to its recurring fee income.
