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Allianz acquired Keppel's $525m Shanghai tower

24 August 17 - Irene Theofanidou
Allianz acquired Keppel's $525m Shanghai tower

COMPANIES

ΕΡΡΙΚΟΣ ΑΡΩΝΕΣ

Investment - GREECE

Pepper Hellas

Consultant - GREECE

PEOPLE

Allianz has been revealed as the co-investor in the US$525m (€446m) acquisition of the Hongkou Soho tower in Shanghai.

 

In June, IPE Real Estate reported that the Alpha Asia Macro Trends Fund (AAMTF) III, Keppel Land China and an unnamed investor had acquired the 70,042sqm office and retail tower from developer Soho China.

Allianz this week revealed that it was the unnamed co-investor and that it is also an investor in AMMTF III, along with Keppel Land China. Allianz said the co-investment and participation in the fund brought its “initial commitment” to between US$150m and US$200m.

Source: IPE RE

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