Reuters - Blackstone Buys Huamin Imperial Building in Shanghai

Blackstone has agreed to buy the Huamin Imperial Building in Shanghai, a source with knowledge of the matter told Reuters, an office tower which media reports say is valued at around RMB7 billion ($1.12 billion). The Huamin Imperial, a grade A office and 5-star hotel complex in Shanghai's Jing'an district, is 95 percent complete, and Blackstone will finish the construction and lease it out, Reuters reported.

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