| From Reuters: An investment unit of Australia's biggest investment bank Macquarie Group Ltd last week sold a Shanghai luxury residential property that was put on the block more than a year ago, taking advantage of a rebound in China's real estate market.
The 26-storey City Apartments in downtown Shanghai was sold to a small group of Chinese investors for about 300 million yuan ($44 million), according to two people with direct knowledge of the deal. Macquarie bought the property four years ago for about 400 million yuan.........Full Article: Source
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