Grosvenor's shopping centre venture

December 18, 2008 | BY

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Grosvenor has set up a joint venture with Vega Property Group to establish the US$250 million Grosvenor Vega-China Retail Fund.The fund will focus on investments…

Grosvenor has set up a joint venture with Vega Property Group to establish the US$250 million Grosvenor Vega-China Retail Fund.

The fund will focus on investments in shopping centres and mixed-use projects in cities including Shanghai, Beijing, Guangzhou, Tianjin, Chengdu and Nanjing.

Hong Kong corporate partners James Walker, Matthias Feldmann and Elizabeth Mifsud led a Clifford Chance team which acted for the Fund and advised Grosvenor in respect to the joint-venture arrangements. Richards Butler advised Vega regarding the venture.

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