A new outlet mall has opened in China, under one of Japan?s largest real estate developers, Mitsubishi Estate. This facility is the first commercial property that the company has launched abroad.
The outlet mall is located in Shenyang, China built jointly with Hong Kong-based Symphony Holdings Ltd. Aside from this, Mitsubishi Estate also operates 8 outlet malls in Japan, through Chelsea Japan Co., its joint venture with American real estate company, Simon Property Group Inc.
The said commercial facility will have 100 stores, that will feature international brands. A cinema complex will also be opened in 2013, which has a total floor space of 58,000 square meters and is located on a 130,000 square-meter site.
Both Mitsubishi Estate and Symphony Holdings are planning to work on building more facilities in the site in the near future.
Original Article: Daily Yomiuri OnlinePhoto Credits: dcmaster via Flickr Creative Commons?Tokyo Apartments For Sale | Tokyo Apartments For Rent | Real Estate Japan
Source: http://www.realestate.co.jp/2012/11/05/mitsubishi-estate-opens-first-commercial-facility-abroad/
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