CapitaLand REIT Buys Chengdu Mall From BlackRock for $226M

Read the rest at Mingtiandi.

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A real estate investment trust managed by Singapore’s top developer will acquire a shopping mall in Chengdu from BlackRock for RMB 1.5 billion ($226 million), at a time when China’s retail property sector is struggling in the face of oversupply and a booming e-commerce sector.

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