Alpha fund sells Shanghai International Plaza to LaSalle

SINGAPORE (April 6): Alpha Asia Macro Trends Fund II (AAMTF II) has sold Shanghai International Plaza, an office-and-retail property, to LaSalle Investment Management.

The Business Times (BT) report said AAMTF II had sold the property through its wholly-owned entity Bravo (II) Pte Ltd; LaSalle made the acquisition on behalf of LaSalle Asia Opportunity V, the fifth in its series of closed-end, pan-Asian opportunistic funds. Both sides did not disclose the price.

However, BT understands the property changed hands at around 42,000 yuan (RM25,772) per square metre of gross floor area.

This article first appeared in The Edge Financial Daily, on April 6, 2018.

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