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Scott Stringer

Vanke’s $116M Manhattan Acquisition Now Centre of NYC Investigation

Scott Stringer

2016/03/29 by Michael Cole Leave a Comment

In the last week of February, China Vanke announced its latest victory in a quest to expand in the US market, the $116 million purchase of a vacant nursing home in Manhattan for conversion into 100 luxury condominiums.

However, February’s… Read More>>

In the last week of February, China Vanke announced its latest victory in a quest to expand in the US market, the $116 … Read more>>>

wu xiaohui

Anbang Battles Back into Starwood Bidding with $14B Offer for Hotel Chain

wu xiaohui

2016/03/28 by Michael Cole Leave a Comment

China’s Anbang Insurance Group is once again the lead bidder for Starwood Hotels & Resorts Worldwide, after the US hotel chain said today that it had received a $14 billion offer from the mainland group.

Anbang is now offering $82.75… Read More>>

China’s Anbang Insurance Group is once again the lead bidder for Starwood Hotels & Resorts Worldwide, after the US … Read more>>>

Melbourne protestor

Why Did Greenland Group Abandon Its 31-Storey Melbourne Project?

Melbourne protestor

2016/03/28 by Michael Cole Leave a Comment

Officials from one of China’s biggest developers revealed late last week that they were cancelling plans for an 1100-unit residential project in Melbourne, Australia due to unforeseen delays in project approval.

However, Shanghai-based Greenland Group’s project in Melbourne’s Flemington area,… Read More>>

Officials from one of China’s biggest developers revealed late last week that they were cancelling plans for an … Read more>>>

Fosun chairman Guo Guangchang

Fosun Returns to UK Market with $426M Deal for London Office Complex

Fosun chairman Guo Guangchang

2016/03/24 by Michael Cole Leave a Comment

China’s Fosun International, is preparing to close a £300 million ($426.4 million) deal for a London office complex, according to a report today in Reuters.

Should the deal for Thomas More Square, a 566,000 square foot (52,500 square metre) tower… Read More>>

China’s Fosun International, is preparing to close a £300 million ($426.4 million) deal for a London office complex, … Read more>>>

Wu Xiaohui Anbang

Could Chinese Insurance Officials Kill Anbang’s Next Bid for Starwood?

Wu Xiaohui Anbang

2016/03/22 by Michael Cole Leave a Comment

Marriott International added a new chapter to the Starwood Hotels & Resorts takeover drama yesterday, when Starwood’s board pushed aside a $13.2 billion deal with China’s Anbang Insurance, to accept a counteroffer from Marriott worth $13.6 billion.

Many observers are… Read More>>

Marriott International added a new chapter to the Starwood Hotels & Resorts takeover drama yesterday, when … Read more>>>

Charles-Pittar-Juwai-CEO

China Real Estate Platform Juwai Could Be Headed for 2016 IPO

Charles-Pittar-Juwai-CEO

2016/03/21 by Michael Cole Leave a Comment

China-based cross-border real estate investment platform Juwai.com could be headed for an initial public offering this year, as the online startup works to ramp up its global team.

The company, which was founded in 2010, is said to be raising… Read More>>

China-based cross-border real estate investment platform Juwai.com could be headed for an initial public offering this … Read more>>>

Schwarzman Wu Xiaohui

Anbang Buys Starwood for $13.2B and Blackstone Wins Again

Schwarzman Wu Xiaohui

2016/03/20 by Michael Cole Leave a Comment

The board of Starwood Hotels & Resorts recommended on Friday that the hotel chain accept a newly sweetened $78 per share buyout offer from China’s Anbang Insurance, pushing aside an earlier merger agreement with Marriott International.

The $13.2 billion deal… Read More>>

The board of Starwood Hotels & Resorts recommended on Friday that the hotel chain accept a newly sweetened $78 per … Read more>>>

Ping An Ma Mingzhe

Is Ping An Ready to Make Its First Real Estate Buy in the Bay Area?

Ping An Ma Mingzhe

2016/03/16 by Michael Cole Leave a Comment

China’s insurance giants continue to show off their hunger for US real estate with Ping An Insurance reportedly preparing a bid for a 209,000 square metre (2.25 million square foot) office complex in the San Francisco bay area.

Ping An,… Read More>>

China’s insurance giants continue to show off their hunger for US real estate with Ping An Insurance reportedly … Read more>>>

W Hotel New York

Will Anbang’s $13B Bid for Starwood Derail Marriott’s Mega-Merger?

W Hotel New York

2016/03/15 by Michael Cole Leave a Comment

Sixteen landmark hotels is not enough. If you’re China’s most hospitality-happy insurer — you have to get your own chain.

After signing a $6.5 billion deal last week to purchase the Strategic Hotels & Resorts portfolio from Blackstone, Anbang Insurance… Read More>>

Sixteen landmark hotels is not enough. If you’re China’s most hospitality-happy insurer -- you have to get your own … Read more>>>

Wu Xiaohui Anbang Insurance

Anbang Sets Cross-Border Record Buying $6.5B in Hotels from Blackstone

Wu Xiaohui Anbang Insurance

2016/03/14 by Michael Cole Leave a Comment

Anbang Insurance Group has set a new record for cross-border real estate acquisitions by Chinese investors in agreeing to buy 16 hotels worth $6.5 billion from Blackstone Group.

The Chinese state-owned insurer, which stunned the world with its $1.95 billion… Read More>>

Anbang Insurance Group has set a new record for cross-border real estate acquisitions by Chinese investors in agreeing … Read more>>>

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