TIDMPACL 
 
23 October 2009 
 
                 Pacific Alliance China Land Limited 
 
   US$56 Million Investment in Beijing Serviced Apartment Building 
 
Pacific  Alliance  China  Land   Limited  ('PACL'),  the   closed-end 
investment  company  admitted  to  trading  on  AIM  and  focused  on 
investing in a portfolio of  investments in existing properties,  new 
developments,  distressed  projects  and  real  estate  companies  in 
Greater China, today announced that it has committed to invest  US$56 
million to acquire  a large minority  interest in GCREF  Acquisitions 
XIX Limited, a company that will indirectly own 100% of a prestigious 
serviced apartment  building catering  to  expatriates who  work  for 
subsidiaries of various global multinational corporations in Beijing, 
with a joint  venture partner.  The  building is located  in a  prime 
area of  Beijing's  central business  district  and is  considered  a 
highly desirable inner city address by local residents. 
 
The  investment  will  be  funded  over  the  next  30  days  with  a 
combination of cash  and bank financing  or all cash  at closing  and 
will result in  a temporary  variance from  PACL's stated  investment 
policy that  individual  investments should  not  exceed 20%  of  the 
fund's gross asset value  ("GAV").  PACL anticipates this  investment 
will fall below 20% of the fund's  GAV within the next 3-6 months  as 
refinancing is obtained for the  project. The Board of Directors  has 
approved this variance due  to its temporary  nature and the  overall 
quality of the investment. 
 
In 2008,  despite poor  market conditions  the property  was able  to 
generate an EBITDA of RMB 56 million and the property is expected  to 
generate attractive returns over time  with the firming of  Beijing's 
real estate market 
 
Over the next three years PACL and its joint venture partner in  this 
project will upgrade the building facilities and services to  enhance 
the value of the property. 
 
 "In Beijing,  inner-city luxury  apartments  are becoming  a  scarce 
commodity reflecting  the increasing  prosperity of  Beijing and  the 
limited amount of land available for development in Beijing's central 
business district. I believe that PACL will be generously rewarded in 
this investment  as  the Beijing  market  embarks on  another  upward 
cycle,"  commented  Patrick   Boot,  Managing   Director  of   PACL's 
investment manager, Pacific Alliance Real Estate Limited. 
 
 
For further information please contact: 
 
+-------------------------------------------------------------------+ 
| MANAGER:                       | LEGAL COUNSEL:                   | 
| Chris Gradel, Managing Partner | Jon Lewis, General Counsel       | 
| Pacific Alliance Group         | Pacific Alliance Group           | 
| 16/F, St. John's Building      | 16/F St. John's Building         | 
| 33 Garden Road                 | 33 Garden Road                   | 
| Central, Hong Kong             | Central, Hong Kong               | 
| Tel: (852) 29180088            | Tel: (852) 29180088              | 
| Fax: (852) 29180881            | Fax: (852) 29180881              | 
| cgradel@pacific-alliance.com   | jlewis@pacific-alliance.com      | 
|                                |                                  | 
|--------------------------------+----------------------------------| 
| BROKER:                        | NOMINATED ADVISER:               | 
| Hiroshi Funaki                 | Philip Secrett                   | 
| LCF Edmond de Rothschild       | Grant Thornton UK LLP            | 
| Securities                     | Tel: (44) 20 7383 5100           | 
| Tel: (44) 20 7845 5960         | Philip.J.Secrett@gtuk.com        | 
| Fax: (44) 20 7845 5961         |                                  | 
| funds@lcfr.co.uk               |                                  | 
|                                |                                  | 
|--------------------------------+----------------------------------| 
| MEDIA RELATIONS:               | MEDIA RELATIONS:                 | 
| Sophie Hoggarth                | Financial Dynamics, London       | 
| Pacific Alliance Group         | Andrew Walton/David Cranmer      | 
| Tel: (86) 21 62883788          | Tel: (44) 207 269 7217           | 
| shoggarth@pacific-alliance.com |                                  | 
|                                | Financial Dynamics, Asia         | 
|                                | Alastair Hetherington/Christine  | 
|                                | Wood                             | 
|                                | Tel: (852) 3716 9800             | 
|                                |                                  | 
+-------------------------------------------------------------------+ 
 
 
 
Notes to editors: 
 
Pacific Alliance  China  Land  Limited  ('PACL')  (AIM:  PACL)  is  a 
closed-end investment company with net assets of US$172 million at 30 
September 2009. PACL was admitted to trading on the AIM Market of the 
London Stock Exchange in November 2007. PACL is focused on  investing 
in a portfolio of  existing properties, new developments,  distressed 
projects and real estate companies in Greater China. 
 
For more information about PACL, please visit: www.pacl-fund.com 
 
Pacific Alliance China Land  is a member  of Pacific Alliance  Group, 
the Asian  alternative investment  fund  management group.  For  more 
information   about   Pacific    Alliance   Group,   please    visit: 
www.pacific-alliance.com 
 
=--END OF MESSAGE--- 
 
 
 
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.
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