CapitaLand, through its wholly owned shopping mall business, CapitaLand Mall Asia, has obtained three management contracts with new partnerships in China.

In Chengdu, CapitaLand has been commissioned by Sichuan Da Yi Real Estate Co to manage the retail component of Leshijie, an integrated development in the up-and-coming Pidu district. This follows the acquisition of CapitaMall Xinnan (formerly known as Galleria, Chengdu) by CapitaLand Retail China Trust last September. With this contract, CapitaLand’s retail footprint in Chengdu comprises seven malls. 

CapitaLand Sky+ in Guangzhou, China. Photo: capitalandmallasia.com

In Foshan, CapitaLand will be managing the retail component of Hehua International Commercial Plaza, a landmark integrated development near Foshan’s border with Guangzhou, on behalf of Hehua Shengshi (Foshan) Property Development Co.

In Shanghai, CapitaLand will manage the retail component of Capital Square, an integrated development it is jointly developing with Shanghai Shentong Metro Group, which develops, constructs and operates railway and metro lines in the city.