CapitaLand-GIC JV acquires Shanghai's tallest twin towers for $1.8b

CapitaLand-GIC JV acquires Shanghai's tallest twin towers for $1.8b

Sitting on a 4.05-hectare site along Huangpu River in North Bund, the integrated development has a total gross floor area (excluding car park) of 312,717 sq m. Photo from CapitaLand.

Singapore-based property developer CapitaLand has teamed up with sovereign wealth fund GIC to form a joint venture that will acquire the tallest twin towers in Shanghai for Rmb12.8 billion ($1.8 billion).

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