PGIM Real Estate has sold Waterfront Place, an office property in Shanghai, on behalf of Asia Property Fund (ASPF) III. The purchaser was NYSE-listed BlackRock Inc.
JLL advised PGIM Real Estate on the deal. In an account by Mingtiandi that cited sources, the sale consideration for the disposal of Waterfront Place Blocks E and G amounted to RMB 1.2 billion ($184 million).
