Keppel Capital unit, Allianz Real Estate buy office building in Shanghai for US$48m
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Claudia Chong
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Singapore
KEPPEL Capital, through a fund managed by its subsidiary Alpha Investment Partners, has partnered Allianz Real Estate and another co-investor to acquire a prime office building in Shanghai for about US$48 million.
The building, Bay Valley C6, is located in Shanghai's Bay Valley Business Park and has a total aboveground gross floor area of 19,768 square metres.
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