Franchising, retail, business
16/10/2014
An Australian shopping centre owner is seeking a joint venture partner to acquire Chinese shopping malls.
AMP Capital Investors, which has more than US$15.3 billion in property assets, wants to take advantage of China’s expanding middle class, according to news reports in China.
According to the China Daily newspaper, AMP is interested in providing advisory services to mainland mall developers with a longer term view to investing.
“The China retail sector is a very attractive long-term investment play for global institutional clients,” Simon Vinson, head of Asian property at AMP Capital, said in an interview in Sydney last week.
“We see opportunities to acquire non-performing assets in good locations, good catchment areas, with good access to public transport facilities and limited effective competition.”
The Australian company has already provided advisory services to an unnamed Chinese shopping centre owner under a short term contract, a relationship Vinson described as “quite symbiotic”.
“We were bringing our strategic skills in retail design, masterplanning, precinct planning and the operational detail of running shopping centers,” he said.
AMP Capital now owns and operates properties in Australia, New Zealand, Singapore, France, Italy and the US.
“China is a key market for AMP Capital, but it’s a matter of being persistent and resilient,” said Vinson. “There’s a long learning curve so I don’t have any preconceived ideas when something will be successful.”
Fonte:http://insideretail.asia/2014/10/16/australian-investor-eyes-china-malls/