Retail in Asia

In Sectors

Germany-based TMW to sell 3 malls in Malaysia

TMW Asia Property Fund, which is based in Germany, is selling three of its shopping complexes in Malaysia which it purchased in 2005 for an estimated CNY500 million (USD76.1m).

International property consultant Rahim & Co, which has been appointed as the exclusive agent to handle the deal, declined to comment when contacted.  

(Source: Business Times)