ARA fund to invest in Shanghai property worth 20b yuan
ARA Asset Management on Wednesday said it would set up a fund ARA Harmony VI to invest in a China commercial property worth 20 billion yuan (S$4.1 billion).
The property is a newly-completed premium-grade integrated commercial property located in the heart of Lujiazui Finance and Trade Zone in Pudong New District, Shanghai, China.
Investment in the property, known as Century Link, would be the biggest single-asset property transaction in the Asia-Pacific this year, ARA said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Syngenta to withdraw China IPO application on weak market: sources
Chinese firms’ fundraisings in limbo as IPOs scrutinised at home and abroad
China’s Huawei continues rebound with strongest earnings growth since 2019
Hatten Land gets notice of default, letter of demand for RM14 million, appoints financial adviser
ComfortDelGro wins contracts to run buses in Manchester
Sam Bankman-Fried, at sentencing, acknowledges FTX customers have suffered