CapitaLand sells 20 China malls to Vanke unit for $1.29b

CapitaMall, Chengnanyuan, China. Source: CapitaLand

CapitaLand, one of Asia’s largest real estate companies, is selling its interest in 20 retail shopping malls in China for a combined consideration of Rmb8.37 billion ($1.29 billion), it announced on Friday.

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