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Real Estate

CREO acquires prime Shanghai building for US$174m
By STAFF EDITOR
Published: July 16, 2008 09:33 PM
China Real Estate Opportunities (CREO.LON), a London-listed subsidiary of Berlin-based Wealth Holdings, is preparing to pay US$174 million to buy the Shanghai Yongyin Building on downtown Shanghai’s Huaihai Road, the Oriental Morning Post reported. The building covers 7,566 square meters and contains 62,000 square meters of floor space, including a 28-storey 26,000 square meter luxury serviced apartment building and a 16-storey 10,000 ...
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