Retail in Asia

In Shops

CapitaMalls acquires Tokyo mall, develops its 1st Qingdao mall

CapitaMalls Asia Ltd has announced that it has acquired Olinas Mall in Tokyo for JPY22.8 billion (USD291.4 million) from Invesco Global Real Estate Asia Pacific.

It also said that it is now developing its first shopping mall in Qingdao, China, after having inked the deal to acquire the site from Qingdao Vanke City Real Estate Co Ltd and Qingdao Shuangshan Gongmao Co Ltd.