Capitaland Retail China Trust Divests The Company That Holds Capitamall Minzhongleyuan
January 13, 2021 – CapitaLand Retail China Trust announced that it has entered into a conditional equity interests transfer agreement to divest its entire equity interest in Wuhan New Min Zhong Le Yuan Co., Ltd.
Wuhan New Min Zhong Le Yuan Co., Ltd. holds CapitaMall Minzhongleyuan and three sets of premises located at Sanyang Complex, Jiangan District, Wuhan with total gross floor area of 274.13 square meters.
The Property is a heritage building constructed in 1919 that is located in the Jianghanlu business district at No. 704 Zhongshan Avenue, Jianghan District, Wuhan, Hubei Province, a short walk from Wuhan’s renowned Jianghanlu pedestrian street. It has a gross floor area of approximately 41,717 square metres, and a net lettable area of approximately 22,121 square metres.
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