SINGAPORE (Apr 5): Keppel Corporation’s Alpha Asia Macro Trends Fund II (AAMTF II), through its wholly-owned entity Bravo (II), has divested its 100% interest in Shanghai International Plaza.

The office and retail mixed-use property was acquired in 2014 for a consideration of approximately US$133 million ($175 million).

According to Alpha CEO Alvin Mah, the fund realised an internal rate of return of close to 20% on the sale of the investment.

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