Boustead

Boustead: to invest $20.1m in a consortium developing a mixed-use project in Beijing’s Tongzhou district, marking its frist foray into commercial and retail devts in China. The consortium incl PCRT, BreadTalk, in partnership with a Beijing real estate developer. The project will have retail, office, and residential components, with ~402k sm total gfa and is expected to be completed in 2016.