Following record mall openings in 2017, CapitaLand is gearing up for future growth with a strategic reconstitution of its mall portfolio by divesting 20 retail assets in 19 Chinese cities, mostly third-tier. Post-divestment, CapitaLand’s mall network in China will be concentrated in 22 cities, compared to 36 before. The sharper geographical focus will enhance the Group’s capacity to capture growth opportunities in China under its “core city clusters, dominant assets” strategy. Mr Ming Yan Lim, President and Group CEO of CapitaLand Limited says, “The rejuvenated portfolio will enable CapitaLand to respond more effectively to the paradigm shifts in Chinese consumer behaviours, and strengthen our position as we continue to tap the growth in China’s rapid urbanisation. We will continue to invest in dominant assets in core Chinese city clusters, where we already enjoy a competitive advantage.” Read more: http://bit.ly/CLPortfolioReconstitution #CapitaLand #China #realestate #mall #retail
Posted 1 year ago
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