SINGAPORE (June 19): CapitaLand Retail, a wholly owned subsidiary of CapitaLand, has clinched two new management contracts in China that together, add 1.2 million sq ft in retail gross floor area (GFA) from Guangzhou and Chengdu.

The contracts’ values were not disclosed.

In Guangzhou, CapitaLand will be adding its first managed mall, namely the retail component of The Grand City, to its portfolio which currently comprises CapitaMall SKY+ and CapitaMall Rock Square.

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