Singapore's Mapletree acquires Hong Kong shopping mall
Singapore-based real estate investment firm Mapletree Investments will acquire Hong Kong’s popular shopping mall Festival Walk in Kowloon Tong for around HK$18.8 billion ($2.4 billion) from Swire Properties.
The deal, which marks Mapletree's first commercial property investment in Hong Kong, is expected to complete by the end of this month. With total renting space of 580,000 square feet, Festival Walk comprises...
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