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Allianz joins Keppel to buy Shanghai's Hongkou SOHO

They are paying US$525m for the office and retail mixed-used development

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Hongkou SOHO is designed by Japanese architect Kengo Kuma and offers a total leasable area of 70,042 sq m.

Singapore

GERMANY-BASED insurer and asset manager Allianz has partnered Singapore's Keppel Group to acquire an office and retail mixed-used development, Hongkou SOHO in Shanghai, China, for US$525 million.

The deal, undertaken through Allianz Group's US$53 billion real estate

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