Arch Capital tops Taiwanese shopping mall acquisition

Dec 24, 20181 min read

Arch Capital Property Advisors has bought a Taiwanese shopping mall for US$450 million on behalf of private investors. The deal marks the Hong Kong-based company’s first foray into Taiwan’s retail property business. After settlement, Arch Capital will assume management of the property.

The target property – Taimall Shopping Center in Taoyuan – has been acquired on behalf of an unnamed institutional investor, which has partnered with Taiwanese investment trust Millerful REIT.

The 100,000sqm mall is Taoyuan’s largest, home to more than 300 retail stores, a cinema and sports complex.

Arch Capital Property MD James Chou said that his company saw “a rare opportunity to acquire an established premium retail asset offering stable income and sustained revenue growth potential over the longer term” in the Taiwan deal.

Taiwan-listed Millerful largely focuses on the commercial sector, and reportedly has plans to buy more shopping centres, hotels and office buildings.

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Mei Ling Tan

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Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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