Ascendas China Commercial Fund 2 ("ACCF2")


Ascendas Plaza, Shanghai

Ascendas China Commercial Fund 2 ("ACCF2") was established in June 2013 as a single-asset fund investing in Ascendas Plaza in Shanghai, China.

With a lettable area of about 40,000 sqm, Ascendas Plaza consists of a mix of retail and office space. Located in the popular shopping district Xuhui, Ascendas Plaza offers trendy eateries and fashion outlets.

The Fund Manager undertook the refurbishment of the office and the retail podium of Ascendas Plaza to strengthen its position as a vibrant one-stop shopping and dining destination for youth, families and business community. The refurbishment of Ascendas Plaza took three months and was completed at the end of 2014.


Domicile

Singapore

Inception

2013

Capital Commitments

SGD 152 mil

Fund Manager Contact

+86 21 6154 6000

Fund Manager Email

funds@ascendas-singbridge.com

Sponsor

Ascendas Land International Pte. Ltd.

JV Partners

N/A

Capital Partners

Institutional investors

Investment Strategy

Core Plus

Geographic Focus

Shanghai

Investment Objectives

To maximize total return on capital by investing primarily in commercial real estate in the PRC with strong asset rejuvenation/leasing/conversion potential.


Project Details :