CapitaLand completed acquisition of Shanghai property

Capitaland announced additional 50% interest in Innov Tower, Shanghai.

In its announcement made on 17 August 2011, CapitaLand had stated that completion of the acquisition of an additional 50% interest in Caike Property (Shanghai) Co., Ltd. was expected to take place in the fourth quarter of 2011.

The completion was subject to the approval from the governmental authorities of the People’s Republic of China (“PRC”).

CapitaLand wishes to announce that the approval from the governmental authorities of PRC has been obtained and the Acquisition is now completed (the “Completion”).

Following the Completion, Caike has become a wholly-owned subsidiary of CapitaLand.

Caike owns a fully leased 23-storey office building known as Innov Tower, located in Caohejing High-tech Park, Shanghai, with a total gross floor area of approximately 40,445 square metres.

Management says the Completion is not expected to have any material impact on the net tangible assets or earnings per share of the CapitaLand Group for the financial year ending 31 December 2012.

Also Read

One Sophia sells 30% of units at weekend launch

SLA launches tender to revitalise Tanjong Katong Complex

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit