Capitaland today announced their sale of 20 China malls to Vanke, SCPG (a subsidiary of Vanke) and Triwater, an affiliate of a fund.
According to their presentation slides, Capitaland Mall’s move is based on 4 strategies.
Active reconstitution efforts to optimize their portfolio Focus on dominant malls in core city clusters Grow strong recurring income combining quality owned assets and 3rd party management contracts Transforming their mall portfolio into “The Future of Retail”
In their slides, they point out that the portfolio being divested comprises of the holding companies of 20 malls across 19 cities.
The 20 malls are as follows.
Mall and City
1 CapitaMall Beiguan / Anyang
2 CapitaMall Chengnanyuan / Nanchang
3 CapitaMall Cuiwei / Beijing
4 CapitaMall Deyang / Deyang
5 CapitaMall Dongguan / Dongguan
6 CapitaMall Guicheng / Foshan
7 CapitaMall Jinshui / Zhengzhou
8 CapitaMall Jiulongpo / Chongqing
9 CapitaMall Maoming / Maoming
10 CapitaMall Nan’an / Yibin
11 CapitaMall Quanzhou / Quanzhou
12 CapitaMall Shapingba …