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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.