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Joy City Mall Shanghai

China State-Owned Giant COFCO Bids for Dutch Food Firm

Joy City Mall Shanghai

2014/01/14 by Syndicated Content Leave a Comment

Cofco submitted a binding bid for the stake last month, a person familiar with the transaction said. The stake is worth around US$250 million, but it wasn’t immediately clear how much Cofco will pay.

COFCO, formally China National Cereals, Oils and Foodstuffs Corporation, is China’s largest food processing, manufacturer and trader.

Chinese state-owned food company COFCO Corp. offered to buy a minority stake in Netherlands-based grain trader Nidera … Read more>>>

CIC Chiswick Park London

China’s CIC Wealth Fund Plans More Deals in Europe

CIC Chiswick Park London

2014/01/14 by Syndicated Content Leave a Comment

China Investment Corp., the country’s $575 billion sovereign wealth fund, favors European infrastructure and real estate as developed markets will drive the next phase of the global economic recovery.

“Europe has a lot of potential,” CIC Chairman Ding Xuedong said yesterday at a conference in Hong Kong.

China Investment Corp., the country's $575 billion sovereign wealth fund, favors European infrastructure and real estate … Read more>>>

Dubai real estate

Dubai Real Estate Starts to Catch On With Chinese Investors

Dubai real estate

2014/01/14 by Syndicated Content Leave a Comment

The bubble created in Dubai’s real estate market burst in 2008, but the sector is now making a comeback, attracting global investors including those from China, reports Shanghai’s China Business News.

Housing prices in Dubai have surged by nearly 30% over the past year, with Dubai-based real estate developers recruiting salespeople that can speak Chinese

The bubble created in Dubai's real estate market burst in 2008, but the sector is now making a comeback, attracting … Read more>>>

fosun guo guangchang

China’s Warren Buffett Buys European Insurer for $1.36B

fosun guo guangchang

2014/01/13 by Michael Cole Leave a Comment

Chinese conglomerate Fosun International Ltd. picked up Portuguese insurance firm Caixa Seguros e Saude this week for 1 billion euros ($1.36 billion), marking one of the biggest overseas investments in the finance sector to date by a Chinese investor.

In a sign of China’s growing economic clout, Fosun bested U.S. buyout firm Apollo Management International LLP to acquire the insurance arm of Portugal state bank Caixa Geral de Depositos SA

Chinese conglomerate Fosun International Ltd. picked up Portuguese insurance firm Caixa Seguros e Saude this week for 1 … Read more>>>

Chinese Investors Take Cornerstone of Singapore Trust IPO

2014/01/13 by Syndicated Content Leave a Comment

Chinese investors are not just buying overseas property, they’re also piling into trust listings of real estate overseas.

OUE Ltd.LJ3.SG 0.00%, the Singapore-listed property firm that is set to start taking orders Monday for the initial public offering of its commercial assets in China and Singapore, has sold close to half of the nearly US$300 million deal to cornerstone investors—of which Chinese buyers make up a big part.

Chinese investors are not just buying overseas property, they're also piling into trust listings of real estate … Read more>>>

Chinese Buyers Help Drive London Real Estate Investment to New Record

2014/01/09 by Michael Cole Leave a Comment

Real estate investment turnover for the Central London market in 2013 reached in excess of £20.56 billion (US$33.84 billion), driven largely by Asian investors, according to a recent announcement from property consultancy Savills.

The amount of investment was the most ever achieved in Central London and a 39% increase on the 2012 figure of £14.8 billion.

Real estate investment turnover for the Central London market in 2013 reached in excess of £20.56 billion (US$33.84 … Read more>>>

Macrolink Malaysia

Macrolink Real Estate Buys RMB 640 Mil in Land in Malaysia and S. Korea

Macrolink Malaysia

2014/01/09 by Michael Cole Leave a Comment

While Shanghai’s Greenland Group was grabbing headlines this week with its billion dollar London deals, Beijing-based Macrolink Real Estate quietly secured deals worth a total of RMB 640 million (US$105 million) in Malaysia and South Korea.

The Shenzhen-listed firm’s Hong Kong unit is setting up a joint venture with a South Korean partner to acquire RMB 340 million (US$56 million) in land on South Korea’s Jeju island.

While Shanghai's Greenland Group was grabbing headlines this week with its billion dollar London deals, Beijing-based … Read more>>>

Greenland Group Ram Brewery

Greenland Group Acquires London Site for $984 mil Real Estate Project

Greenland Group Ram Brewery

2014/01/08 by Michael Cole 1 Comment

China again declared its love for overseas real estate yesterday with developer Greenland Group agreeing to acquire a historic London site for a £600 million (US$984 million) development project. And in the same day, the developer announced that it would spend an additional £600 million to purchase a site along the city’s famed Canary Wharf.

China again declared its love for overseas real estate yesterday with developer Greenland Group agreeing to acquire a … Read more>>>

Fig Central Staples Center

China Buys More US Real Estate with $200 Million LA Deal

Fig Central Staples Center

2014/01/06 by Michael Cole Leave a Comment

The latest major purchase of US property by a Chinese developer is the acquisition of a US$200 million Los Angeles project by Oceanwide Real Estate Group (000046.SZ).

According to a recent report in the Wall Street Journal, Beijing-based Oceanwide, which… Read More>>

The latest major purchase of US property by a Chinese developer is the acquisition of a US$200 million Los Angeles … Read more>>>

china insurance group shenzhen

81 Percent of China’s Insurers Prefer to Invest in Real Estate

china insurance group shenzhen

2013/12/23 by Michael Cole Leave a Comment

China’s insurance funds have US$1.19 trillion invested, and more than three-quarters of them are looking for real estate deals to spend their cash on, according to a report last week by PricewaterhouseCoopers.

In a survey of executives at China’s insurance… Read More>>

China's insurance funds have US$1.19 trillion invested, and more than three-quarters of them are looking for real estate … Read more>>>

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