Metro in JV acquiring 90% stake in Shanghai Plaza for $613 mil

By PC Lee / The Edge Singapore | May 18, 2018 11:32 AM SGT
SINGAPORE (May 17): Metro Holdings, together with other joint venture partners, is acquiring a 90% stake in Shanghai Plaza, for RMB2.9 billion ($613 million).
Shanghai Plaza, a landmark mixed-used commercial building, has a gross floor area of 40,693 sqm spanning across seven floors. It is located at the prime Huai Hai Zhong Road, Huang Pu district, Shanghai, which is the most central district in Shanghai and one of the most densely populated urban districts in China.
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