Alpha Investment Sells Shanghai Mixed-Use Property
Hong Kong - Paul Hastings, a leading global law firm, announced today that the firm advised ALPHA Asia Macro Trends Fund II, a private fund managed by Singapore-based Alpha Investment Partners Limited (“Alpha Investment”), in the sale of Shanghai International Plaza, an office-and-retail property, to LaSalle Investment Management. Alpha Investment, a premier asset manager in Asia, is a wholly-owned subsidiary of Keppel Capital Holdings Pte. Ltd.
Alpha Investment originally acquired the property in 2014. Located at the junction of two major thoroughfares, Sichuan North Road and Wujin Road, Shanghai International Plaza comprises offices spread across 24 storeys as well as a six-storey retail podium.
Paul Hastings has advised Alpha Investment on several strategic deals over the years including its JV with Keppel Land China Limited to acquire mixed-use development SOHO Hongkou in Shanghai for approximately US$525 million in 2017, and the sale of Shama Serviced Apartments Causeway Bay at No.8 Russell Street, Hong Kong to Panasia International Limited in 2012.
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