Retail property specialist Redevco has started to explore investment opportunities in Asia following its expansion in recent years in Eastern Europe. Redevco said China and India in particular are enjoying rapid economic expansion in Asia. Initially, the firm will focus on participating in new development projects in major cities in those countries. As a first step, Redevco has signed a joint venture agreement with Hong Kong-based developer Shui-On-Land for the construction of a 100, 000 m[sup]2[/sup] shopping centre in Wuhan, China.
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