VANTONE CONTINUES TO BUILD "CHINA CENTER" IN MANHATTAN
AsiaInfo Services, August, 2006
AsiaInfo Services 08-03-2006 Vantone Continues to Build "China Center" in Manhattan BEIJING, Aug 03, 2006 (SinoCast via COMTEX) -- Beijing Vantone Real Estate Co., Ltd. has terminated the cooperation with Seven World Trade Center, confirmed Feng Lun, president of Vantone. Vantone, China's earliest large-scale joint-stock company mainly backed by private capital, had planned to rent the top five floors (48th-52nd) of the rebuilt 7 World Trade Center to set up the "China Center", with total floor space of about 200,000 square feet.
On January 24, Vantone and Larry Silverstein signed a memorandum of understanding. It is Larry Silverstein's unilateral pull-out that causes failure of this cooperation, revealed sources familiar with this matter, for Vantone failed...
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