TCT buys Shanghai’s ‘worst property on its best street’

Property investment firm Treasury China Trust bought the Huai Hai Mall in Shanghai earlier this month, a building replete with three stories of Chinese restaurants that doesn't appear to be anything special.  In fact, TCT chief executive Richard David labels it Shanghai’s ‘worst property on its best street' and currently his favourite asset in the firm's portfolio. Directly opposite the mall lies a cornucopia of posh foreign-brand merchants selling the likes of Cartier, Chanel a…