News and Insights

A joint venture led by Chelsfield Asia has acquired five office floors in the LL Land Tower in Shanghai from local private equity group FC Capital. Chelsfield Asia joined with Malaysia-based Amcorp Properties Berhad, a subsidiary of investment holding group Amcorp Group Berhad to acquire the asset which is located along Nanjing Road West, one of the three major central business districts of Shanghai.

Shanghai remains China’s leading financial services gateway city for both multinational corporations and domestic companies. With Shanghai’s central business district offices continuing to demonstrate a strong leasing momentum it will continue to be one of our key investment destinations for commercial real estate. Nick Loup, Chief Executive Officer of Chelsfield Asia comments: “We will leverage our experience in asset repositioning in order to enhance its value, attract new tenants and upgrade the tenant mix by securing a first-class co-working operator.”