| Mapletree Investments Pte. Ltd., a real estate firm wholly owned by Singapore’s sovereign wealth fund Temasek Holdings Ltd., will pay RMB 2.4 billion for the Shanghai-based commercial property Yongyin Building via its Mapletree India-China Fund.
Mapletree Investments is buying the mixed-use complex, which is located in Shanghai’s commercial circle of Middle Huaihai Road, from U.S. private equity fund Pacific Esplanade. The deal does not include a 28-storey hotel, a 16-storey office building and another 5-storey building at the site, according to media reports..............................................Full Article: Source
|