Pacific Century Place in Beijing. Gaw Capital Partners transformed the 75,000 square metre, old-fashioned retail space into a brand new office tower. Photo: SCMP Handout

Why property renewal is such a profitable business in China’s big cities

  • About 100 million square metres of commercial property in top cities has become outdated and in need of renovation
Topic |   China property

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Pacific Century Place in Beijing. Gaw Capital Partners transformed the 75,000 square metre, old-fashioned retail space into a brand new office tower. Photo: SCMP Handout
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