COFCO group will build 30 Joy City malls around the country in the next five years, Beijing News said, citing an unidentified official from the company.
Project sites in the next three years will include Beijing, Chengdu, Yantai, Shenzhen and Tianjin, the newspaper said.
The company may look for plots in western and southern Beijing, the report cited Han Shi, executive deputy general manager of COFCO’s commercial property unit. COFCO has two Joy City malls in Beijing now, according to the newspaper.
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