CapitaLand invests in Shanghai office plot for $265m

It plans to build a 37,765 sqm Grade A office building.

CapitaLand invested $265m in a commercial land plot in Wujiaochang decentralised business district (DBD), Shanghai, marking its second investment in the city within six months.

According to a press release, CapitaLand bought the site for $171m. It plans to develop it into a Grade A office with a total gross floor area (GFA) of 37,765 sqm.

Construction for the new office, located adjacent to Innov Centre, will begin early next year. CapitaLand said it will be the only new Grade A office supply in Wujiaochang in 2020 when it is completed.

Including the new office, CapitaLand owns and manages 19 commercial properties in Shanghai that span over 1.4 million sqm in GFA.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia