Singapore's CapitaLand forms JV to acquire Shanghai building for $400m

Singapore's CapitaLand forms JV to acquire Shanghai building for $400m

Pufa Tower in Shanghai, China.

Singapore’s CapitaLand has formed a 50:50 joint venture with an unrelated third party to acquire about 70 per cent of Pufa Tower in Shanghai for 2.752 billion yuan ($400 million), it said in an announcement on Monday.

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