guangzhou metropolitan plaza
background
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the property is a four-storey shopping mall completed in 2012, with retail gross floor area totaling approximately 88,885 sq m
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the mall is directly below a luxury residential development with direct connection to the subway station- huangsha station
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cushman & wakefield was instructed to run a low-profile marketing for this property by hutchison whampoa property limited
challenges
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the vendor wanted to dispose the offshore holding company while there were another minority party involved on the onshore level
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the vendor wanted the marketing to be kept low profile but required a brokerage firm who could fully cover the market
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a sovereign fund investor was interested in the property and had begun the due diligence process, however the deal was called off by the investor due to internal reason
results
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as per the vendor's request, cushman & wakefield analysed the property and quietly approached all potential capable buyers to satisfy the vendor's expectation
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even after the sovereign fund did not proceed any further, utilizing the information gained in the first round of marketing, cushman & wakefield identified gaw capital who was interested to purchase a second retail mall in guangzhou
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cushman & wakefield coordinated the complex due diligence process, which happened in both hong kong and guangzhou, and ensure a cushman & wakefield personnel would always be on site to assist both parties
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the property was transacted at rmb 2.6 billion, the biggest retail mall transaction in the city.
