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Metro Holdings buys 35% of JV that's acquiring Shanghai mixed-use building

The JV company, Shanghai Yi Zhou Property Management Co Ltd, has already acquired 90% of the building, and will buy the remainder by 2020

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Metro Holdings said the Shanghai Plaza investment is in line with its strategy to further grow its presence in China, particularly in high-growth cities such as Shanghai.

Singapore

METRO Holdings Limited has acquired a 35 per cent stake in a joint venture that is investing into Shanghai Plaza, a mixed-use building in Shanghai worth 2.9 billion yuan (S$613 million).

The joint venture company, Shanghai Yi Zhou Property Management Co Ltd, has on the...

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