Shopping Mall Project in Gifu

MALera Gifu was a large scale shopping mall on a site of a closed factory located in Gifu, Japan. Creed acted as an investor as well as an asset manager in the project. Having 185,000 sqm site area, 115,800 sqm gross floor area and 240 tenants, it was one of the largest shopping malls in Japan when it opened in 2006. After it reached a stabilized cash flow in 2008, Creed successfully disposed its equity position to a renowned foreign investor.