To read this full article you need to be subscribed to Newsline.Sign in Sign up for a FREE subscription
Gaw Capital Partners picks up Florentia Village Guangzhou outlet mall in China
Gaw Capital Partners has acquired the Florentia Village Guangzhou outlet mall in Guangdong, China for an undisclosed amount.
With a total gross leasable area of 62,200 square meters (669,515 square feet), Florentia Village Guangzhou has achieved full occupancy since its 2015 opening and has an established tenancy mix of 182 international and local retail brands. The outlet mall is situated within the Guangzhou-Foshan Metropolitan Area, with excellent transport connectivity via Guangzhou South Railway Station near Guangzhou city center and Foshan.
Authorities have approved a master plan for the expansion works of the 17,000-square-meter (182,986-square-foot) connecting square and adjacent retail podium in the outlet mall. Gaw Capital estimated will take 12 months to complete the planned asset-enhancement work.
“We are delighted to have completed the acquisition of Florentia Village Guangzhou outlet mall, which is a strong-performing asset with unique expansion