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Case Studies

Valuation for Nine Retail Malls for the Second Cross-border Commercial Mortgage-backed Securities in China

​JLL provided valuation services to nine retail malls in various Tier II cities in China to facilitate the issuance of commercial mortgage-backed securities (CMBS) in China, raising USD 362 million. "…the second cross-border transaction backed by commercial properties in China. The same borrower was also the underlying borrower in the first cross-border CMBS transaction rated by Moody's in 2006…" – Moody's rating action, 17 March 2014

Retail mall valuation requires detailed property and tenancy analysis as well as in-depth understanding of the local retail market. We have valued different types of retail malls—including department stores, local shopping malls and mega-sized regional multitenant malls—in various cities across China. Our local retail expertise, national reach and international insight enabled us to deliver best-in-class valuation service. Coupled with our rich retail valuation experience, our strong in-house specialists—the Retail Leasing and Consultancy, Retail Asset Management, Research and Capital Markets teams—further equipped us with the latest, in-depth and comprehensive market information and trend, providing us with a robust foundation to conduct professional retail valuation and deliver superior services to clients.