Commercial Real Estate market in China still booming
Lucy Wu, Vice Secretary General of China Chain Store & Franchise Association says despite difficulty in some retail markets, shopping centres and convenience stores are still growing very fast. Senior VP of Global Real Estate GAP , C David Zoba, couldn’t have put it more clearly: China built 350 malls last year. America built 2. CEO of Arcoretail expresses the need for entertainment in Chinese shopping malls, as the consumer is demanding a greater shopping experience. Wanda, one of the largest commercial real estate companies in China explained however, that Chinese shopping malls seek older trusted retailers. Ryan Patel, with Pinkberry, mentioned that a lot of these retailers do have a difficult time expanding into China and need to establish a set strategy before implanting.
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