Blocked at home, Chinese are boosting local retail sales

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17 June 2021 à 10h50

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2 minutes

Publication: 17 June 2021 à 10h50

Reading time: 2 minutes

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In China, the commercial property sector is showing positive signs as transactions pick up again.
Publication

17 June 2021 à 10h50

Reading time

2 minutes

Publication: 17 June 2021 à 10h50

Reading time: 2 minutes

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In China, the commercial property sector is showing positive signs again. The Canadian group Brookfield Asset Management offered US$ 1.4 billion for 5 Chinese malls (260,000 sq.m GLA in total).

They are located in Beijing, Shanghai (on East Nanjing Road), Chongqing, Xi’an and Qingdao. While the Beijing mall is managed by Vanke, the other four are operated by Pradera Retail Asia, a joint venture between the British Pradera and the Australian company Macquarie.

Another example is the K11...

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