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CRCT to acquire three CapitaLand malls in China for $505 mil

By PC Lee

/ The Edge Singapore |

June 11, 2019 2:31 PM SGT

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SINGAPORE (June 11): CapitaLand Retail China Trust (CRCT) is acquiring three malls in China from sponsor CapitaLand.

The three malls are CapitaMall Xuefu and CapitaMall Aidemengdun in Harbin and CapitaMall Yuhuating in Changsha.

CapitaLand Retail China Trust Management Limited (CRCTML), the manager of CapitaLand Retail China Trust (CRCT), entered into an agreement with a subsidiary and associated companies of CapitaLand to acquire 100% interests in three companies that hold three malls in China.

This article - As Chinese retail REITs struggle, CRCT's Tan outlines plans to stabilise DPU is originally from TheEdgeSingapore.com

Read also:

As Chinese retail REITs struggle, CRCT's Tan outlines plans to stabilise DPU

CapitaLand Retail China Trust poised for higher growth on potential new acquisitions, says DBS

CapitaLand and CRCT jointly buy Guangzhou mall

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