BHG Retail REIT receives nod to acquire mall in China for USD48 million

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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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