CapitaLand transfers two Shanghai office properties to maiden real estate equity fund

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.CapitaLand transfers two Shanghai office properties to maiden real estate equity fund

CapitaLand's Shanghai office property, Innov Center, will be divested and transferred to its CapitaLand Asia Partners I fund.CAPITALAND will divest from two Shanghai properties, Innov Center and Pufa Tower and inject both in its maiden discretionary real estate equity fund, CapitaLand Asia Partners I , as seed assets.

Located in the decentralised central business district of Wujiaochang, Innov Center is valued at 3.1 billion yuan .

 

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