Keppel Land China and Alpha Investment Partners Acquire Majority Stake in Yi Fang Tower
Alpha Asia Macro Trends Fund III,
Keppel Land China Limited (part of the Keppel Corporation), and a number of investors purchased the Yi Fang Tower mixed-use complex for 4.6 billion RMB.
The tower is located in Shanghai in the historic Bund area.
Alpha Asia Macro Trends Fund III is taking 42.1% stake, while Keppel Land is taking a 29.8% stake in the asset.
SWFI – Sovereign Wealth Fund Institute