GTC Real Estate China has sold a 50% stake in a Chinese shopping centre for €46 million, PropertyEU reports. The share in Galleria Chengdu was acquired by MGPA.
GTC China will hold the remaining 50% stake in the property and continue to manage and operate it. MGPA is a €7.6 billion private equity real estate investment advisory firm, which targets real estate investments in Europe and Asia.
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