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Chinese co. leases space in NYC Freedom Tower

USA Today has an intriguing feature on the audaciously slow progress of the Freedom Tower (now called One World Trade Center), the 1776-foot building in New York that is supposed to replace the spot where the two WTCs once stood. But of the 2000-plus-word article, one particular sentence caught our attention. Apparently, one of the few companies that have actually leased space in the laboriously slowly-to-be built skyscraper is a Chinese firm. They've signed on for 190,000 square feet of space. Our interest is piqued! Who are they? What do they do? And why were they one of the first non-American government entities to buy up a floor? Update: It's Beijing real estate company, Vantone! As to why they've bought a floor, we're still not sure - but apparently they've been shopping around for a while. Source: Slate

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  • Buck Rogerz

    Vantone is definitely a quasi-government institution, by the way, so I think it's a bit far-fetched that the media has struck the "first private company" chorus so quickly.

    Vantone is even performing public diplomacy/chamber of commerce like functions:

    Vantone plans to build a cultural and business center for Chinese companies doing business in the United States and American companies working in China.

  • Buck Rogerz

    It's Vantone...you know, Vantone?

    http://www.vantone.net/en/contents/85/327.html

    It took three years of stop-and-start negotiations, but a Chinese real estate company is finally signing a lease for space in a 102 story skyscraper under construction at ground zero, becoming the first commercial tenant for the rebuilt World Trade Center.



    The Beijing Vantone Industrial Company has agreed to a 23-year lease for floors 64 through 69 in what will be known as 1 World Trade Center, at the southeast corner of West and Vesey Streets. The $3.1 billion office building, once called the Freedom Tower, is scheduled to be completed in 2013...

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