Unlisted mainland property developer Dan Form Group says it will buy 2 per cent of Chinese motorway operator Greater Beijing Region Expressways (GBRE) for $78 million through subsidiary Dan Form International. Chief executive Dai Xiaoming said demand for motorways in Beijing was strong and the investment in GBRE was 'strategic' and would provide attractive returns. GBRE is a consortium of Singapore, Hong Kong and mainland interests operating and maintaining 10 high-speed toll expressway projects linking Beijing with Tianjin and Hebei province. It values its investments in the 10 projects, several of which are uncompleted, at about US$884.12 million. Earlier this month, the company said it intended to list the motorways but did not say when. Dan Form also has involvement in land development projects at two large Beijing shopping centres through its Hong Kong-listed arm, Asia Securities International (ASI). Other GBRE shareholders include Onfem Holdings, Jinhui Group, Asia-Pac Infrastructure Development, China Securities (International) and the PRC Expressways Fund.