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Luxury outlet group Florentia Village is to invest RMB1 billion (US$159 million) in building an outlet in Chongqing, its seventh China location. Anticipated to be ready within 12 months, the new outlet will be in the Shapingba area of Chengdu, southwest…
A US$750 million fund to finance premier outlet malls in China has been set up by asset manager Allianz and realty investor TH Real Estate. The Eres APAC II – China Outlets fund will be established by the Allianz real-estate investment arm Allianz Real…
Despite the decline of tourist arrivals into Hong Kong last year and challenges in the luxury retail sector, Italian-owned mall operator RDM has just opened its first Hong Kong outlet. Located in the KC100 complex near Kwai Hing MTR station, Florentia Village…
Designer outlet malls are sprouting up all over mainland China, even as department stores find themselves struggling amid a slump in retail sales. At least 17 new outlet malls are scheduled to open in China in the second half of 2016, according to a report by…
