Singapore, December 15 – City Developments Limited (CDL) has entered into an agreement with Alpha Investment Partners Limited (Alpha), through Alpha Asia Macro Trends Fund II (AAMTF II), to create a joint office investment platform via its second Profit Participation Securities (PPS) transaction that will acquire three of CDL’s prime office assets. Through this transaction, both CDL and AAMTF II will jointly invest in an office portfolio with a total value of approximately S$1.1 billion.