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What happened, and who moved.
Gaw Capital sold Florentia Village Chengdu, a 75,000 sqm outlet mall, into a newly formed pre-REIT fund led by Vipshop (41.88%), CPIC (32.15%) and MetLife China (15.82%) for RMB1.56 billion (~$220 million); Gaw retains a co-GP role in the new fund.