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GZI Reit expands portfolio

Guangzhou's GZI Real Estate Investment Trust (GZI Reit), the first mainland REIT to seek a Hong Kong listing, said it will expand its property portfolio, according to chief executive Liu Yongjie, reported the South China Morning Post. GZI, a window company of the Guangzhou municipality, said it had priority rights to acquire four commercial properties from its parent, totaling 800,000 square meters.

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