Mapletree Investments is planning to acquire the Yongyin Building in Shanghai for around $375.4 million, China Business reports. The wholly owned real estate subsidiary of Singapore’s sovereign wealth fund Temasek Holdings will buy the complex through its Mapletree India-China Fund. The seller of the property is U.S. private equity fund Pacific Esplanade. A 28-storey hotel, 16-storey office building and another five-storey building at the site are not included in the transaction.

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