Spring REIT acquires seven-storey mall in Guangdong for USD241 million


Spring REIT has entered into share purchase agreements that will see it acquire a seven-storey shopping mall in Huizhou, Guangdong Province of China, for RMB1,653,466,000 (USD241 million).

The property, Huamao Place, is located a No. 9 Wenchang Road, and features 677 underground, and 44 above-ground car park lots.

It will be Spring REIT’s first investment in a retail property asset in China.

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