Chagala acquires partner's share in mall venture

Chagala Group, the London-listed Kazakh real estate developer-owner, has acquired its partner's 49.9% share in the Chagala Zere Malls venture. Chagala said the partner, Zere Limited, a real estate developer in the provincial cities of Kazakhstan, had been affected by the economic downturn and was unable to continue supporting the venture.

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