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Link REIT completes 6.6B-yuan acquisition of Shenzhen mall

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Link REIT completes 6.6B-yuan acquisition of Shenzhen mall

Link Real Estate Investment Trust said it has now completed the 6.6 billion-yuan acquisition of CentralWalk shopping mall in the central business district of Shenzhen after fulfilling conditions related to the purchase.

The 903,100-square-foot, fully occupied mall was sold by Central Walk (Barbados) Co. Ltd. to Link REIT's Preston River (HK) Ltd. Hong Kong-listed Link REIT is now the sole owner of the property.

As of March 13, US$1 was equivalent to 6.71 yuan.