The Chinese debt-laden aviation-to-finance conglomerate HNA Group has sold 70 per cent of space in a Shanghai office building to Singapore property giant CapitaLand for 2.75 billion yuan (US$400.5 million), CapitaLand said on Monday.
After the transaction, the latest divestment move by HNA, CapitaLand and a joint venture partner will own levels 8 to 19 and 21 to 32 of the 34-storey Pufa Tower – a total gross floor area of 41,773 square meters – as well as 61 car parks with property…
Source : South China Morning Post
Read more…Debt-laden conglomerate HNA sells space in Shanghai tower to Singapore’s CapitaLand for US0 million















