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- CUBE KAWASAKI BUILDING
| Acquisition Date: |
December 2002 |
| Location: |
Kanagawa |
| Property Type: |
Office |
| Property Size: |
41,294 sqm |
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The building was formerly a data center of IBM, acquired in December 2002 in a sale and lease back transaction with IBM |
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IBM was able to execute a phased withdrawal |
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APL converted the building to a multi-tenant office building |
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Successful exit through sale |
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Converted the data center to multi-tenant office building |
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Leased former IBM space in time for a fiscal year end sale |
- THE CENTER
| Acquisition Date: |
June 2008 |
| Location: |
Shanghai |
| Property Type: |
Office |
| Property Size: |
98,300 sqm |
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40-storey office building developed in 2004 by Hutchison Whampoa |
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One of the few international class A office properties in Puxi, Shanghai |
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Located within the office cluster of central Puxi, one of Shanghai’s most premium districts |
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Rent increases through the financial crisis |
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Cost savings alongside service improvements |
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Maintains high occupancy rate |
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Summary
