ARA Asset Management is selling its International Capital Plaza in Shanghai for 1.54 billion yuan (HK$1.94 billion), the Beijing Times reports.
ARA Asset Management, a manager of real estate investment trusts partly owned by billionaire Li Ka-shing, is selling its International Capital Plaza in Shanghai for 1.54 billion yuan (HK$1.94 billion), the Beijing Times reports.
Singapore-listed ARA Asset Management is in talks with the city state’s Alpha Investment Partners to sell the building in Hongkou district, the newspaper said.