Included in the expansion plan of CapitaMalls Asia Ltd. (CMA) is the acquisition of Olinas Mall in Tokyo, Japan. The company acquired the property for $367.3 million, from Tiger Eye Realty Yugen Kaisha.
It is located in Kinshicho, and is just near two train stations and the Tokyo Skytree. The property offers a gross floor area (GFA) of around 583,000 square feet and 853 parking spaces. It was built in 2006 and is part of an integrated development linked to both residential and office towers.
CMA Chief Executive Officer, Lim Beng Chee says that the area is an ideal location to do businesses, for it attracts a huge number of tourists and families, not just businesses. He believes that the mall will attract more people, specifically over and above the current catchment of over 1.2 million people within a five kilometer radius, said Lim Beng Chee.
Aside from this, CMA has also closed a deal with Qingdao Vanke City Real Estate Co. Ltd., and Qingdao Shuangshan Gongmao Co. Ltd. to acquire a shopping mall at the junction of Heilongjiang Road and Hefei Road in China.
The mall will become a booming commercial, residential, cultural and administrative zone in Qingdao and will be the first shopping mall in the New Urban Center that will stand six stories tall with a GFA of around 89,700 square meters.
Lim assures that their years of experience and expertise in mall management and leasing will help them create a one-stop quality shopping destination for retailers and consumers alike.
Original Article: Property GuruPhoto Credits: cuteepie via Flickr Creative CommonsTokyo Apartments For Sale | Tokyo Apartments For Rent | Real Estate Japan
Source: http://www.realestate.co.jp/2012/08/03/cma-reaches-tokyo-and-qingdao/
2012 groundhog day groundhog phil pee wee herman ketamine tracy morgan ground hogs day 2012 goundhog day
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.