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Tishman Teams With Lenovo on South China Real Estate Development

  • The $1.35 billion project is companies’ first joint venture
  • Lenovo’s international-business units to be based at complex

Tishman Speyer is teaming with Lenovo Group Ltd., the world’s biggest personal-computer maker, on a 9 billion yuan ($1.35 billion) real estate project in Shenzhen, China, marking the developer’s first foray into the country’s southern region.

The 2.2 million-square-foot (204,400-square-meter) office-and-retail development, to be built in the city’s central business district, will house the headquarters for Lenovo’s international-business units, New York-based Tishman said in a statement Wednesday. The project is scheduled to be completed in the third quarter of 2020.