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Riverside 66 wins top MIPIM Asia Retail award

Chinese mall project Riverside 66 won Gold, the top honour in the retail category of this year’s MIPIM Asia Awards handed out in Hong Kong this week.

New malls for China

Real estate developer Hang Lung Properties is to open four new malls in the mainland China beginning next year. Hang Lung Properties says it will invest a total of 90 billion yuan ($14.7 billion), including land acquisition, in four malls in Tianjin, Dalian, Kunming and Wuhan. Chairman Ronnie Chan Chi-chung says the company targets less competitive second-tier cities. The company has recently opened its sixth high-end shopping mall in the mainland China – the Center 66 in Wuxi. Phase…