The sale is part of an initiative announced by Taubman in February to sell its 50% interest in three Asian shopping centers—Starfield Hamam, CityOn.Xi’an (Xi’an, China) and the CityOn.Zhengzhou (Zhengzhou, China).
The$152 million-transaction is the second big push by the 2015-founded firm into the New City market in the past year.
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