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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

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


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...

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