USA: CHINA LIFE TEAMS WITH RXR TO BUY NYC OFFICE TOWER FOR $1.65 BIL

China Life Insurance Group has taken an undisclosed equity stake in New York City office tower 1285 Sixth Avenue in partnership with developer Scott Rechler’s RXR Realty. The $1.65 billion deal continues the recent overseas buying spree by China’s insurance giants, and is the latest in a string of US real estate acquisitions for China Life. Read more on: www.mingtiandi.com
Source : USA: CHINA LIFE TEAMS WITH RXR TO BUY NYC OFFICE TOWER FOR $1.65 BIL