HNA Sells Pufa Tower Stake to CapitaLand and AEW Capital

Posted on 01/07/2019

Singapore-based CapitaLand Limited created a 50:50 joint venture with Boston-based AEW Capital to purchase a 70% stake in Pufa Tower in Shanghai’s Lujiazui financial district from a vehicle controlled by HNA Group for 2.752 billion RMB (US$ 402 million). In a complex series of transactions, two entities formed by CapitaLand, Resplendent Pearl Investments Limited and […]