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Luxury retail rents slow in Beijing malls

2013-04-12 10:14 Global Times     Web Editor: qindexing comment

The growth rate in rent for luxury shopping malls in Beijing saw a slowdown in the first quarter because some luxury brands have slowed their expansion in major Chinese cities, global real estate consuntancy Jones Lang LaSalle said in a report Thursday.

But the rent for mass consumption shopping malls in Beijing still saw stable growth in the first quarter as more mid-level brands quickened their expansion, the consultancy said.

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