Wednesday, 17 August 2011

CapitaLand ups stake in Shanghai office building

SINGAPORE - Singapore's CapitaLand, South-east Asia's largest property developer, said on Wednesday it had acquired an additional 50 per cent interest in an office building in Shanghai, China, for 298 million yuan (US$46.7 million).

The 23-storey Innov Tower is located in Caohejing High-tech Park and has a total gross floor area of around 40,445 square metres, the company said in a statement. -- REUTERS



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