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BRIEF-CapitaLand undertakes concurrent acquisition and divestment of Shanghai office buildings
June 1, 2017 / 1:14 AM / 2 months ago

BRIEF-CapitaLand undertakes concurrent acquisition and divestment of Shanghai office buildings

1 Min Read

June 1 (Reuters) - Capitaland Ltd

* Capitaland Concurrently Acquires And Divests Shanghai Office Buildings Of Value Rmb4.2 Billion

* entered into agreements with unrelated parties to acquire Guozheng center

* deal for agreed property value of rmb2.64 billion (s$535 million)

* divestment is expected to generate net profits of approximately s$85 million

* divesting innov tower to a party unrelated to capitaland at an agreed property value of rmb1.56 billion Source text for Eikon: Further company coverage:

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