CapitaMalls Asia (6813) has acquired a site in Qingdao to be developed into a six-story mall, while also purchasing a shopping mall in Tokyo at a total cost of nearly HK$4 billion.
The Singapore-based company said the Qingdao site - acquired from Vanke - will become its seventh mall in northeast China. The new mall, slated for completion in 2015, will have total gross floor area of 89,700 square meters. Full story
