Issue 2012 July 03rd

This issue was created on 2012-07-03 14:00:00

  • Developer unveils mega Chinese retail fundJuly 3, 2012
CapitaMalls Asia announce yesterday that it has successfully established CapitaMalls China Development Fund III (CMCDF III) with a fund size of $1.0 billion. CMCDF III, with a fund life of eight years, will invest in the development of shopping malls and properties predominantly used for retail purposes in China. CapitaMalls Asia holds a 50% stake in the fund amounting to $500.0 million, while the remaining stakes are held by institutional investors from Asia and North America.
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