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CapitaLand's Shanghai office asset 'swap' gets thumbs up from analysts

Property group to buy newly completed Guozheng Center while divesting Innov Tower

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CapitaLand has agreed to buy Guozheng Center, an office development in Shanghai's Yangpu District, for 2.64 billion yuan.

Singapore

ANALYSTS on Thursday called CapitaLand's Shanghai office "asset swap" a clever move, as the property group is essentially unlocking value from a mature stabilised asset and simultaneously gaining entry into a newly- completed property of similar quality, but at lower price

sentifi.com

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