CapitaMall Wuhu (Photo: Capitaland)

Retail REIT CapitaLand Retail China Trust (CRCT) and its sponsor, CapitaLand, have entered into agreements to divest their respective stakes in CapitaMall Wuhu for RMB210 million (USD30.6 million).

The property is a five-storey shopping mall with a gross floor area of approximately 45,000 square metres, excluding parking spaces.

The mall, which is located in China’s Anhui Province, has been closed since 3Q 2018, following the exit of its anchor tenant.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.