Real Estate
3 min read
CapitaLand forms JV to acquire prime CBD in Shanghai for RMB2.75 billion
CapitaLand has formed a 50:50 joint venture with an unrelated third party to acquire approximately 70% of Pufa Tower in Shanghai, China, for RMB2,752 million (about S$546.3 million). The operational office property has been identified as a seed asset for a…