Property News - Inside Retail Asia
CapitaLand Mall Trust has agreed to sell its Sembawang Shopping Centre for S$248 million.
Florentia Village is to invest RMB1 billion (US$159 million) in an outlet in Chongqing, its seventh China location.
SookSiam will take up 15,000sqm of the ground floor of the massive IconSiam being built on the banks of the Chao Phraya River.
Ikea Southeast Asia’s new Toppen Shopping Centre in Tebrau, Johor Bahru, is already more than 60 per cent tenanted.
Fullshare, with an eye on taking over House of Fraser, has lined up a £1.1 billion (US$1.5 billion) lending agreement.
‘Pink Love’ – a promotion launched by Shanghai K11 Art Mall – drove a 33 per cent increase in sales earlier this year.
Hanoi retail supply is growing outside the CBD area.
An historic ice-storage warehouse in Nanjing will be transformed into a commercial destination by Benoy China and MCC Real Estate Group.
RSun Business Group, a subsidiary of Hongyang Group, is to relaunch its integrated mall RSun Plaza in Nanjing.
Robinsons Retail Holdings is spending PHP18 billion (US$343 million) to acquire Dairy Farm’s Rustans Supercenters.
Hong Kong retail rents are expected to move into an “early upswing cycle” this year according to a regional real estate market briefing prepared by Savills.
Through its wholly owned shopping-mall business CapitaLand Retail, CapitaLand has signed to manage a Cambodian mall.