BHG Retail REIT's Hefei Changjiangxilu Mall. (Photo: BHG Retail REIT)

BHG Retail REIT’s plan to acquire a leasehold interest in a five-storey mall in Hefei, China for RMB328.3 million (USD48 million) has been approved by its unitholders.

The approval was received at an extraordinary general meeting (EGM) held by the REIT on 18 December, with 99.96% of votes in favour of the acquisition.

The property is namely the Hefei Changjiangxilu Mall, and features 27,222 square metres of net lettable area.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.