Investments
 
Platinum
 
Location Shanghai, China
Date acquired Global Fund I made a forward commitment in December 2004 to purchase the building on completion
Total equity purchase price US$103 million
Structure 100% ownership
Investment type Office development
Description

A 20-storey, 43,374 sqm, international grade A office building with 142 car parking spaces. The property is located in a prime position in the Hua Hai Road business district of Puxi, adjacent to the Xin Tian Di retail and leisure facility.

Investment strategy

Committed to acquire the building at the commencement of construction, overseeing final design works and delivery to ensure that the building was finished to the highest international specifications in a market that was demonstrating strong underlying fundamentals, increasing demand, limited supply and rising rents. Managed a focused licensing campaign directed to quality multi-national tenants which positioned the property to meet increasing investment demand for grade A office space in this emerging market. Achieved stabilised occupancy at the highest rents paid in the market.

Date sold
November 2006
   
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