Chinese investor buys Beijing mall for EUR 362 mln

By A staff reporter 2006-12-15T00:00:00+00:00

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.