Property News · November 26, 2018

Asia’s largest real estate trust buys Beijing shopping mall for US$369 million


Link Reit, the largest real estate investment trust in Asia, on Monday announced that it had bought a mall in Beijing for 2.56 billion yuan (US$369 million).
The seven-storey Beijing Jingtong Roosevelt Plaza in the Tongzhou district is the company’s second acquisition in the Chinese capital and fourth in a tier one city on the mainland.
According to Link Reit’s stock exchange filing, the seller is ARA Asia Dragon Fund II.
Tongzhou district is the eastern gateway to the capital and…

Source : South China Morning Post
Read more…Asia’s largest real estate trust buys Beijing shopping mall for US9 million