CapitaMalls Asia: To Acquire Its 10th Shopping Mall In Beijing For RMB1.82 Billion. 15 Jul 2013 10:31 CapitaMalls Asia Limited has won a tender to acquire Grand Canyon Mall in Beijing, China, from Capital Airport Real Estate Group Co., Ltd. The acquisition is subject to the approval of the Chinese government. CMA won the tender at a price of RMB1.74 billion (S$356.6 million / HK$2.18 billion). Including acquisition-related expenses, the total investment for the mall is expected to be about RMB1.82 billion (S$373.0 million / HK$2.28 billion), or about RMB26,000 (S$5,329 / HK$32,641) per square metre based on total gross floor area, excluding car park. Grand Canyon Mall is an operating mall strategically located along the South Third Ring West Road in Fengtai District, which has a population of about 2.2 million and is one of six core districts in Beijing... shareinvestor/news/news.html?source=regional_si_express&nid=64821
Posted on: Mon, 15 Jul 2013 03:01:05 +0000
Trending Topics
Recently Viewed Topics
© 2015