GOLDMAN SACHS PLANS TO BUY APARTMENT BUILDING IN SHANGHAI
AsiaInfo Services, April, 2006
AsiaInfo Services 04-17-2006 Goldman Sachs Plans to Buy Apartment Building in Shanghai SHANGHAI, Apr 17, 2006 (SinoCast via COMTEX) -- Goldman Sachs, a global leading investment bank, is trying to acquire Rainbow Plaza, a high-end service apartment building in Shanghai, and appoints CB Richard Ellis as the broker of this deal. Rainbow Plaza is at No.
765 to No. 767 in Tianshan Street, Tianning District while its developer and most tenants are Japanese. Insiders at the real estate brokerage industry disclose that Goldman Sachs takes a low profile in the transaction so little information has been revealed. By far, details of the deal like the acquisition price are not available. Sources indicate that the rent for a two-bedroom suite in Rainbow Plaza is nearly...
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