Blackstone buys China land parcel for $482m - report
The Blackstone Group has reportedly invested more than RMB3 billion ($482 million) for 600,000 square meters of land in China's Jiangsu province. The deal was finalized in October and has received approval from the Ministry of Commerce.
The private equity firm made the investment through a real estate fund, China Daily reported, adding that China Resources Land - a Hong Kong-listed property developer controlled by China Resources Group...
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