China Real Estate Opportunities (CREO) is acquiring the Xidan Centrepoint Shopping Centre development in Beijing for £243.1 mln (EUR 362 mln). Xidan Centrepoint, one of the largest western-style malls in China, is being sold by China Metallurgical Construction Group. When completed in late 2007, the mall will consist of 102,000 m[sup]2[/sup] of retail space, 170,000 m[sup]2[/sup] of office space and a 372-bedroom high-class hotel.

China Real Estate Opportunities (CREO) is acquiring the Xidan Centrepoint Shopping Centre development in Beijing for £243.1 mln (EUR 362 mln). Xidan Centrepoint, one of the largest western-style malls in China, is being sold by China Metallurgical Construction Group. When completed in late 2007, the mall will consist of 102,000 m2 of retail space, 170,000 m2 of office space and a 372-bedroom high-class hotel.