Singapore property developer CapitaLand (CATL.SI) said on Monday it had sold a residential building in the Chinese capital of Beijing to Ascott Serviced Residence (China) Fund for $205.8 million.
The 21-storey building known as Ascott Beijing has 310 apartment units, the firm said in a statement. CapitaLand has a 36.1% interest in the fund, which is a private equity real estate fund investing primarily in China.
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