CapitaMalls Asia is forming a venture to invest $1.05 billion in real estate, Bloomberg reports. The development will include a shopping centre and two office towers in the eastern Chinese city of Suzhou. The development will be jointly owned by Suzhou Industrial Park Jinji Lake Urban Development Co. Construction for the project is likely to begin in 2012 and will be completed within four years.
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CapitaMalls Asia Suzhou Jinji Lake Urban Development Co Asia Mulls Real Estate JV