China's CITIC Capital, SCPG hold final close of retail real estate fund at $408m

China's CITIC Capital, SCPG hold final close of retail real estate fund at $408m

China’s CITIC Capital has held the final close of an RMB-denominated fund at 2.625 billion yuan ($408.2 million) in partnership with SCPG, to invest in the country’s Tier I and Tier II cities.