HK's Link Buys Beijing Mall from ARA

Hong Kong's Link announced today its acquisition of Beijing mall from Singapore's ARA Asset Management, marking the company’s second acquisition in Beijing .

Link REIT will acquire 100% stake in the Beijing Jingtong Roosevelt Plaza , located in Beijing Tongzhou district, for RMB2.56 billion, the company said it "intends to hold it as a long-term investment". The Property is a recently built, seven-storey retail centre in Beijing’s Tongzhou District.