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| Galleria Chengdu |
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| Location |
Chengdu, China |
| Date acquired |
Acquired by MGPA Asia Fund III in August 2011 |
| Investment type |
Retail |
| Description |
Opened in November 2010 with 50% opening rate, Galleria Chengdu is mainly anchored by Zara, H&M and Sephora, which distinguish the property from its surrounding competitors. Total gross floor area of the property is 91,816 sqm with a net lettable area of 31,708 sqm. MGPA aims to further enhance the property value by jointly managing the property with GTC, who has an established asset management team on-the-ground. |
| Investment strategy |
Acquire a newly completed retail mall in the emerging area of South Chengdu, leveraging the region’s strong growth of purchase power and the significant supply-demand imbalance of high quality retail space, to develop one of the best shopping destinations in local market. |
| Contact |
Connie Peng
Shanghai, China |
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