Spring REIT Buys Guangdong Mall from Huamao Property

Hong Kong-listed Spring REIT has agreed to buy the Huamao Place shopping centre, located in Huizhou, Guangdong Province.

Spring will pay RMB1.65 billion (US$241 million) for the mall, a seven-storey property, part of the larger integrated development by Beijing Guohua Real Estate, known as Huizhou Central Place (pictured), which also includes three Grade-A office towers, three residential buildings and a serviced apartment complex.

Located in the Huizhou CBD, the mall is surrounded by major roads, the Huizhou People’s Government complex and other public facilities and attractions, such as the Huizhou Convention & Exhibition Centre, the Huizhou Stadium, the Huizhou Museum and the Huizhou Science & Technology Museum. It is accessible by expressways and intercity railway to the rest of the Greater Bay Area.

Current tenants include international and local fashion retailers, jewellers, chain restaurants, personal care and cosmetic shops, a supermarket and a cinema.