trending Market Intelligence /marketintelligence/en/news-insights/trending/6jFFBrG43gk4GqjMjWhbVQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Straits Trading, Ara Asset, ICBC to buy Shanghai mall for 2.42B yuan

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Real Estate

Real Estate Solutions Overview


Straits Trading, Ara Asset, ICBC to buy Shanghai mall for 2.42B yuan

The Straits Trading Co. Ltd. established a joint venture with Ara Asset Management Ltd. and ICBC International Investment Management Ltd. for the 2.42 billion yuan acquisition of a retail mall in Shanghai.

The transaction will involve the transfer to the trio of the project company that owns the 91.3%-occupied 2.66 billion yuan property with a gross floor area of about 83,074 square meters.

Through its SRE Venture 16 Pte. Ltd. subsidiary, Straits Trading is contributing 441.9 million yuan to the transaction. The Singapore-listed company will finance its investment in the neighborhood shopping center using internal resources.

As of Dec. 17, US$1 was equivalent to 7.00 Chinese yuan.