Property News · January 5, 2018

China Vanke-led consortium buys 20 malls from Singapore’s CapitaLand for US$1.29 billion


China Vanke, one of China’s largest developers, its commercial property unit SCPG Commercial Real Estate and private equity company Hopu Investment Management have teamed up to acquire 20 shopping malls across China from Singapore’s CapitaLand.
The deal for the malls is worth 8.36 billion yuan (US$1.29 billion), the buyers said on Friday, pending approval from Chinese regulators. The malls, with a combined area of 950,000 square metres, are located in 19 tier one, two and three…

Source : South China Morning Post
Read more…China Vanke-led consortium buys 20 malls from Singapore’s CapitaLand for US.29 billion