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| Platinum |
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| 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
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November 2006 |
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