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CapitaLand to sell Shanghai property; earmarks 2nd property for sale

The sale of Innov Center (above), in the decentralised central business district of Wujiaochang, Shanghai, is slated for completion in Q3 2019.

Pufa Tower (above) is a 34-storey office development in Shanghai's Lujiazui CBD.


CAPITALAND is targeting to divest two Shanghai office properties and inject them into its maiden discretionary real estate equity fund, CapitaLand Asia Partners I (CAP I).

It has agreed to sell its interest in companies that own Innov Center, which consists of three...

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