China Life Secures Key Beijing CBD Plot for 3 Billion Yuan at Reserve Price

Deep News06-26 21:40

Beijing's public resource trading service platform recently disclosed that the highly anticipated Z10 commercial and financial land plot, part of the second-phase primary development project in the CBD core area of Beijing's Chaoyang District, has been successfully acquired by Beijing Jinting Real Estate Co., Ltd. at the reserve price of 2.993 billion yuan. The transaction was finalized on June 25, 2026.

The land transfer announcement indicates the plot is situated in Chaoyang District's Jianwai Subdistrict, designated for B4 comprehensive commercial and financial service use, with a construction land area of 8,046 square meters. The listing starting price was set at 2.993 billion yuan, with a bidding increment of 3 million yuan.

A review of the equity structure reveals that the acquiring entity, Beijing Jinting Real Estate Co., Ltd., was established on June 2, 2026, with a registered capital of 4.7 billion yuan. It is wholly owned by China Life Qihang Phase I (Tianjin) Equity Investment Fund Partnership (Limited Partnership), whose major controlling shareholder is China Life Insurance Company Limited.

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