Singapore's GIC acquires LG Twin Towers in Beijing for $1.15b

Singapore's GIC acquires LG Twin Towers in Beijing for $1.15b

Singapore’s sovereign wealth fund GIC has acquired Beijing’s LG Twin Towers from South Korean conglomerate LG Group for over 8 billion yuan ($1.15 billion).

Located in the Guomao central business district in Beijing, the asset is an integrated development that comprises two Grade-A office towers and a retail podium, GIC announced in a statement on Wednesday.

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