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Chinese developer pays $171 million for 42-acre biotech site in South San Francisco

August 18, 2016

by Blanca Torres : bizjournals – excerpt

Greenland USA and its equity partners completed the purchase of the Landing at Oyster Point, a proposed 2.25 million-square-foot biotech and life science campus in South San Francisco, for $171 million.

The firm, a state-owned Chinese developer, bought the 42-acre site from a partnership between Shorenstein Properties and SKS Partners, which paid $84 million for the land in 2008 and entitled the development plan… (more)


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