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Sheraton on the Park Sydney

China’s Sunshine Insurance Buys Sydney Sheraton Hotel for $401M

Sheraton on the Park Sydney

2014/11/24 by Michael Cole Leave a Comment

Hospitality group Starwood Hotels & Resorts Worldwide announced on Friday that it had sold its Sheraton on the Park in Sydney, Australia to China’s Sunshine Insurance Group Corporation for A$463 million (US$401 million).

The acquisition continues a number of major… Read More>>

Hospitality group Starwood Hotels & Resorts Worldwide announced on Friday that it had sold its Sheraton on the Park … Read more>>>

counting RMB

China Rationalising Outbound Capital Flows as Investors Head Overseas

counting RMB

2014/11/19 by Michael Cole Leave a Comment

One of the great mysteries of the boom in purchases of international real estate by Chinese investors has been how all of the cash for these purchases gets overseas from a country where capital accounts and foreign exchange are strictly… Read More>>

One of the great mysteries of the boom in purchases of international real estate by Chinese investors has been how all … Read more>>>

Shanghai FTZ

Shanghai FTZ to Allow Chinese Individuals to Invest Overseas

Shanghai FTZ

2014/11/17 by Michael Cole Leave a Comment

In a policy breakthrough, Shanghai’s party chief announced yesterday that the city’s free trade zone intends to enable Chinese citizens to directly invest overseas for the first time.

“One of our key objectives is allowing qualified individuals within the free… Read More>>

In a policy breakthrough, Shanghai's party chief announced yesterday that the city's free trade zone intends to enable … Read more>>>

Peace Hotel Shanghai

China’s Jin Jiang to Buy French Hotel Group for Over $1.49B

Peace Hotel Shanghai

2014/11/16 by Michael Cole 1 Comment

Chinese investors continued their harvest of international hotels last week when the Jin Jiang Group agreed to buy France’s Louvre hotel chain for a sum said to be in excess of $1.49 billion.

In the deal due to close in… Read More>>

Chinese investors continued their harvest of international hotels last week when the Jin Jiang Group agreed to buy … Read more>>>

175 Liverpool Street Sydney

Chinese Billionaire Buys Sydney Tower for $339M

175 Liverpool Street Sydney

2014/11/14 by Michael Cole Leave a Comment

Chinese real estate developer Shimao Property Holdings, together with its billionaire boss Hui Wing Mau, have reportedly acquired a downtown Sydney office tower for over A$390 million (US$339 million), as Chinese investors continue to snatch up Australian real estate.

According… Read More>>

Chinese real estate developer Shimao Property Holdings, together with its billionaire boss Hui Wing Mau, have reportedly … Read more>>>

Xu Jiayin Sydney

Evergrande Boss Buys Sydney Home for $33.4M

Xu Jiayin Sydney

2014/11/07 by Michael Cole Leave a Comment

Xu Jiayin, the chairman of Chinese real estate developer Evergrande, was revealed this week as the buyer of a A$39 million (US$33.4 million) mansion in one of Sydney’s most exclusive neighborhoods following a record-setting transaction.

The purchase by the flamboyant… Read More>>

Xu Jiayin, the chairman of Chinese real estate developer Evergrande, was revealed this week as the buyer of a A$39 … Read more>>>

Su Shunhu

Tracking Proceeds of Chinese Corruption to Australia’s Real Estate Market

Su Shunhu

2014/10/27 by Michael Cole Leave a Comment

The head of China’s top graft buster launched “Operation Fox Hunt 2014” just three months ago to track down fleeing officials and their fraudulent gains, and the new anti-corruption initiative already seems to be leading to Australia’s booming real estate… Read More>>

The head of China's top graft buster launched "Operation Fox Hunt 2014" just three months ago to track down fleeing … Read more>>>

Siemens Munich

China’s Gingko Tree Ready to Acquire Siemens Offices for $630M

Siemens Munich

2014/10/15 by Michael Cole Leave a Comment

First it was London, and then New York. Now China’s real estate investors have moved on to Munich, as an agency managing the country’s foreign reserves is said to be acquiring an office park in the German city for $630… Read More>>

First it was London, and then New York. Now China's real estate investors have moved on to Munich, as an agency managing … Read more>>>

Westinghouse factory Toronto

Greenland Group Completes Acquisition of $360M Toronto Project

Westinghouse factory Toronto

2014/09/22 by Michael Cole Leave a Comment

Shanghai’s Greenland Group has finalised the acquisition of a 67,000 square metre Toronto condominium project as China’s most aggressive overseas developer continues to add to its global portfolio.

The Chinese state-run real estate company acquired the site of the planned… Read More>>

Shanghai's Greenland Group has finalised the acquisition of a 67,000 square metre Toronto condominium project as China's … Read more>>>

Coyote Creek

Chinese Entrepreneur Buys Nicklaus-Designed Golf Course in Silicon Valley

Coyote Creek

2014/09/21 by Michael Cole Leave a Comment

Chinese investors have bought a number of high profile overseas assets in recent years, including dropping $500 million for a yacht maker, and buying the Chase Manhattan building in New York for $725 million. Now one Beijing-based entrepreneur has bought… Read More>>

Chinese investors have bought a number of high profile overseas assets in recent years, including dropping $500 million … Read more>>>

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