Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Capital Markets Facilitate US$400 Million (RMB2.81 Billion) Beijing Suning Life Plaza Transaction

Rosanna Tang • 06/03/2023
Cushman & Wakefield's Greater China Capital Markets team have successfully facilitated the acquisition by CapitaLand of the Beijing Suning Life Plaza mixed-use development from Suning for a total consideration of RMB2.81 billion (approximately US$400 million). The significant transaction marks the first CBD commercial real estate transaction in mainland China for the year 2023. 
Charli Chan, Cushman & Wakefield’s Executive Director, Capital Markets, Greater China, said, “We are honored to have facilitated and brokered the Beijing Suning Life Plaza investment deal, located in the Chaoyang CBD. The property features a digital display facility measuring more than 100 meters, with a total site area of approximately 66,300 sq m comprising both commercial and office usage. At the beginning of 2023, CapitaLand established the CapitaLand China Opportunistic Partners Programme and acquired Suning Life Plaza as part of its first batch of key investment pipelines. Following the acquisition, CapitaLand Investment will renovate a section of the commercial area for office use, to absorb growing market demand for office space. Investable properties in Beijing have traditionally been scarce. Suning Life Plaza has emerged as a great opportunity for asset upgrading and enhancement, and is highly suitable for an experienced asset manager such as CapitaLand. This transaction has also reinforced market confidence and demonstrates the rebound of positive sentiment for international funds investing in mainland China.”
Francis Li, International Director, Head of Capital Markets, Greater China, added, “Thanks to the long-term commitment and close follow-up from our team, we have been able to capture this high-quality investment opportunity, paving the way for further large-sized transactions in 2023. The China Securities Regulatory Commission is launching a pilot scheme in 2023 for real estate private equity funds, and with the gradual maturity of REITs and a pick-up of activities in the insurance sector, we believe that large-size transactions will become more active in 2023."
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 52,000 employees in over 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region, earning recognition and winning multiple awards for industry-leading performance. In 2022, the firm had revenue of $10.1 billion across core services of property, facilities and project management, leasing, capital markets, valuation, and other services. To learn more, visit or follow us on LinkedIn
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All