Property News - Inside Retail Asia
US retail property specialist Taubman Centers is to sell a 50 per cent stake in three Asian shopping centres.
Revenue for The Shoppes at Marina Bay Sands set a new record last year as the centre achieved an occupancy rate of 95.4 per cent.
CapitaLand Retail China boosted its distributable income by 9.4 per cent last year.
Stronger performances from Gurney Plaza and East Coast Mall have compensated for a lower contribution from CapitaLand Malaysia Mall Trust’s Klang Valley shopping malls.
Hong Kong retail rents are tipped for a modest rise of up to 5 per cent this year according to a research report from real estate advisor Savills.
Chinese mall operator Bailian is merging two disused department stores on Shanghai’s Huaihai Road in partnership with urban renewal firm URF to create Theatre X.
SM Prime says it will open four new malls in Philippine provinces this year.
The founding father of Philippine retail, Henry Sy, has passed away.
Hong Kong high-street retail rents dropped slightly in the final quarter of last year.
Design Orchard mall is set to open on January 25 hosting 61 homegrown labels.
Pop-up leasing specialist Storefront Asia has opened an office in Seoul.
Malaysia’s Sunway Malls is introducing metal straws in a move to help eliminate single-use plastic straws from its property.