…a group of indebted mainland conglomerates including Wanda, HNA Group and Fosun International on June – just before Wanda sold off its stake in Changbaishan. Ski Resort Changes Hands, Again Wang Jianlin (2nd from L) and Sun Xishuang (R) had former HK leader Tung Chee-Hwa surrounded in Sept 2017 Changbaishan opened in July 2012 in the frigid, mountainous region close to the North Korean border. One of the largest tourism projects in China, the res…
Search Results for: fosun
Anbang Unit Buys Seoul Tower From Angelo, Gordon for $225M
…fic cross-border real estate investors, including Anbang, Dalian Wanda and Fosun after capital outflows became a major economic security issue on the mainland in the past eighteen months. Angelo, Gordon Exits Korean Deal The disposal should count as a win for Angelo, Gordon after the US private equity firm teamed up with Vestas to buy the then GS Tower from local Korean company GS Engineering and Construction for 170 billion won in 2013. Korea’s E…
Wanda Close To Selling Aussie Projects and More Asia Real Estate Headlines
…Country Garden, Wanda Group, China Fortune Land Development Co (CFLD), and Fosun were actively perusing business opportunities India until last year. In 2016, CFLD signed a memorandum of understanding (MoU) with the Navi Mumbai planning authority, Cidco, to build townships. CFLD was also looking to build townships and city infrastructure in other parts of Maharashtra. When contacted, Cidco Vice-Chairman and Managing Director Bhushan Gagrani said,…
China’s CBRC Warns on Using M&A Loans for Land Grabs
…tion Bank to freeze the sale of a Sunac financial product and cancel a RMB 1.5 billion ($222.1 million) trust loan to the firm. The banking watchdog also targetted Dalian Wanda Group, HNA Group and Fosun, among the mainland’s most prominent overseas investors, asking financial institutions to review borrowing by the conglomerates and report on any potential dangers….
Causeway Bay Landlord May Evict La Perla After Lingerie Shop Skimps on $1.2M in Rent
…ong Kong, located in Admiralty and Tsim Sha Tsui. Chinese investment group Fosun was reported to be in exclusive talks to take over the company last December. Struggling to Sell 5,000 Bras a Month in Causeway Bay Despite La Perla’s high end ambitions — bras typically sell for $500, while a nightgown can cost as much as $2605 — the label failed to win adequate support from the local market. Theodore Knipfing, Managing Partner of Plus Curiosity La P…
China’s Biggest Co-Working Operator Opens in New York with High Hopes, New Name
…r in the new centre, where Serendipity Labs is leasing from Shanghai-based Fosun, which purchased the building formerly known as 1 Chase Manhattan Plaza for $725 million in 2013. New York Part of Ucommune’s Global Plan Ucommune, which has been rapidly acquiring smaller competitors in mainland China, see its New York venture as a way to expand into the North American market and provide global service to its clients. “There is a lot of Chinese compa…
Alibaba Inks Deal With Five of China’s Top 10 Developers to Expand Hema Supermarkets
…well as Vanke’s retail arm SCPG. Also participating were players including Fosun-owned Shanghai Forte Land, KWG Property, and China World Trade Corporation,, according to an account in the Shanghai Securities Times. In addition to the developers joining, retail operators Easy Home and Jia Hao Commercial also signed up to work with Hema, and representatives of Dalian Wanda Group, CapitaLand, China Resources and Longfor Properties are also said to h…
Country Garden, COLI Join Bidding for Tsing Yi Site and More Hong Kong Real Estate Headlines
…th — nearly 40 percent less than the rent paid by the previous tenant. The Fosun-invested bling-bling provider is now reported to be leasing the 1,200 square foot shop on Queen’s Road for HK$542 ($69) per square foot. The property’s former tenant, The Body Shop, had been paying over HK$1 million in rent each month, before moving out a few months ago. Prior to relocating to the Man Yee Building, Folli Follie had been leasing a shop in the China Bui…
Xi’an Opens Walking Lane for Phone Addicts and More Asia Real Estate Headlines
…hai-based developer Greenland Group, shortly after tying up with a unit of Fosun International on transit projects. And Mumbai-based developer Godrej Properties has successfully raised $148 million from an investment firm managed by Singapore’s sovereign wealth fund GIC, after announcing the deal last month, so keep reading for all the details. Xi’an Opens Lane for Pedestrian Phone Addicts Texting while walking could be an accident waiting to happ…
HNA Said Selling $46M Wuhan Logistics Park to Hopu, Haikou Supertall to Poly
…ith large property holdings caught up in the regulatory tightening include Fosun, Wanda Group and Anbang, which was subject to a government takeover this year following corruption charges for company chairman Wu Xiaohui. By the end of 2017, the extent of HNA’s debt was causing problems as credit dried up. The company played down concerns, but by January seven HNA-related companies halted trading, leaving minority investors stuck without means of r…
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