Chinese billionaire Wang Jianlin has big plans for building a movie business empire, but that golden future looks a bit further off after the tycoon’s Dalian Wanda Group announced an indefinite delay in the incorporating Legendary Picture into its mainland-listed… Read More>>
Wanda Closes RMB 7B Theme Park for Renovation 19 Months After Opening
The highly touted Wuhan Wanda Movie Park, owned by China’s largest real estate company, the Dalian Wanda Group, has closed for “upgrades and renovation” just 19 months after the grand opening of the RMB 7 billion ($1.05 billion) attraction. The… Read More>>
Wanda Offer for Paramount is Wang’s Latest Hollywood Adventure
Continuing its surging interest in worldwide entertainment, Dalian Wanda Group is reportedly in talks to acquire 49 percent of Paramount Pictures, the only major American film studio still based in Hollywood.
The proposed studio deal follows just months after the… Read More>>
Miami Investor Flips SF Building to Shanghai Lingang to Make 44% Profit in 17 Months
A state-owned firm set up to develop a Shanghai satellite town around the city’s port has found a new safe harbor for its cash, parking $42.6 million into the purchase of a six-storey office building in downtown San Francisco.
Shanghai… Read More>>
Bank of China Joins $1.5B Consortium Funding $3.1B NYC Project
The Chinese investment surge in Manhattan continues, as Bank of China has been announced among the partners that will provide a $1.5 billion construction loan for a new office tower that will rise above the neighboring Empire State Building.
The… Read More>>
China’s Greenland Group Plans 1500 New Homes in North Hollywood
Shanghai’s Greenland Group, China’s second-largest real estate developer by sales, is part of a team that has won first-round approval for developing a mixed-use project that could involve building as much as 232,000 square metres (2.5 million square feet) of… Read More>>
Will Chinese Real Estate Acquisitions Trigger Populist Pushback?
It’s no secret that Chinese investment capital has been the driver of huge growth in several major global cities. But, as history tells us, what that prominence means is that the backlash may be about to start.
Name a country,… Read More>>
Chinese Developer Buys 2nd Washington Site as Seattle Investment Rises
The US west coast market continues to boom for Chinese investors, as Hong Kong-based developer Create World Group has purchased its second site in the Seattle area, after breaking ground on its maiden project in Bellevue, Washington in August last… Read More>>
SG and HK Markets Locked in Race to the Bottom Say Experts
Singapore is a prime new investor target, according to two reports from private equity real estate investment firms experienced in the region. But that news isn’t all good for the city-state. The opportunity is present because office and residential prices… Read More>>
Dalian Wanda Sells 20% of Units in $1Bil Chicago Project
Dalian Wanda Group is off to a strong start on its first luxury hotel-residential joint venture in the third-largest city in the US, with its development partner reporting that 20 percent of its available condominiums were sold since the project’s… Read More>>
