Real Estate: Huge land buy

(Shanghai Daily)
Updated: 2006-12-30 17:12

A venture between an affiliate of GIC Real Estate Pte and Yanlord Land Group Ltd bought a parcel of land in Nanjing, East China's Jiangsu Province, for 2.4 billion yuan (US$307.5 million), the companies said in a joint statement yesterday.

The site, which is in the Hexi New Urban Area, is about 306,126 square meters.

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