DTZ: 100,000 square metres of new retail space added in Chongqing
According to DTZ’s Property Times, some 100,000 square metres of retail space were added to Chongqing’s market during 2Q15, with the opening of Oriental International Plaza. This project lifts the total stock of prime retail space in the city to 2,561,000 square metres. Oriental International Plaza is the first (very) high-end shopping centre in the Jiangbeizui sub-market. Elsewhere, the vacancy rate in Metropolitan Oriental Plaza rose sharply following its March 2015 acquisition by Huixian REIT, notes DTZ.
Source : July 2015/DTZ/Chongqing/RET