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Grant Kelley

PGIM Real Estate Closes on $642M APAC Fund and More Greater China Real Estate Headlines

Grant Kelley

2016/05/26 by Michael Cole Leave a Comment

A US real estate investment firm has reached a final close of $645 million on a fund covering Australia, China, Japan, Malaysia, Singapore, Hong Kong and South Korea. Meanwhile in Singapore, a Chinese developer is betting $218 million on a… Read More>>

A US real estate investment firm has reached a final close of $645 million on a fund covering Australia, China, Japan, … Read more>>>

Wheelock chairman Douglas Woo

China Taiping Insurance Said Buying Kowloon Office Project for $580M

Wheelock chairman Douglas Woo

2016/05/26 by Spencer Sheehan Leave a Comment

China Taiping Insurance is rumored to have won the race to acquire the One Harbourgate East Tower in Kowloon with a bid of HK$4.5 billion ($579.6 million), marking another foray by mainland financial services companies into the Hong Kong property… Read More>>

China Taiping Insurance is rumored to have won the race to acquire the One Harbourgate East Tower in Kowloon with a bid … Read more>>>

China’s CIC Invests $700M in Brookfield’s 1 New York Plaza

2016/05/25 by Michael Cole Leave a Comment

Mainland sovereign wealth fund China Investment Corporation has made its first significant US real estate investment, acquiring a 49 percent interest in the 1 New York Plaza office tower from Brookfield Property Partners for $700 million, according to reports in… Read More>>

Mainland sovereign wealth fund China Investment Corporation has made its first significant US real estate investment, … Read more>>>

wu xiaohui

Did Anbang Just Secretly Spend $1.6B to Buy a Canadian Hotel Chain?

wu xiaohui

2016/05/25 by Bruce Haring Leave a Comment

After withdrawing its $14 billion bid for Starwood Hotels & Resorts on April Fools’ Day, China’s Anbang Insurance Group has apparently moved on to acquire a hotel group in Canada, as what appears to be an affiliate of the mainland… Read More>>

After withdrawing its $14 billion bid for Starwood Hotels & Resorts on April Fools' Day, China’s Anbang Insurance … Read more>>>

Stanley Ho

Stanley Ho Buys Orchard Road Site for $105M and More Greater China Real Estate Headlines

Stanley Ho

2016/05/25 by Michael Cole Leave a Comment

The king of the Hong Kong casinos is branching out in Singapore malls as Shun Tak real estate buys a plot on Orchard Road, plus China City Construction, which was recently seen as a default risk has paid off an… Read More>>

The king of the Hong Kong casinos is branching out in Singapore malls as Shun Tak real estate buys a plot on Orchard … Read more>>>

Shanghai Disney

Wang Jianlin Predicts 20 Years of Failure for Disney in Competition With Wanda Parks

Shanghai Disney

2016/05/24 by Michael Cole Leave a Comment

China’s richest man, Wang Jianlin, is predicting tough times ahead for Shanghai Disney Resort, the $5.5 billion entertainment project due to open next month in the city’s Pudong district.

Speaking in an interview on CCTV over the weekend, Wang, who… Read More>>

China’s richest man, Wang Jianlin, is predicting tough times ahead for Shanghai Disney Resort, the $5.5 billion … Read more>>>

Greenland Centre Sydney

Greenland Sydney Project Loses Builder, Chinese Developer Promises to Keep Schedule

Greenland Centre Sydney

2016/05/24 by Michael Cole Leave a Comment

Shanghai’s Greenland Group has parted ways with the builder hired to construct the A$700 million ($501 million) Greenland Centre Sydney with work on the 235-metre tower scheduled to start this month.

The state-run Chinese developer and Brookfield Multiplex this week… Read More>>

Shanghai’s Greenland Group has parted ways with the builder hired to construct the A$700 million ($501 million) … Read more>>>

CapitaGreen

Shanghai Land Prices Soar Past HK and More Greater China Real Estate Headlines

CapitaGreen

2016/05/24 by Michael Cole Leave a Comment

While Shanghai may not have supplanted Hong Kong as Asia’s financial centre, it seems to be surpassing  its southern neighbor for land values, judging by recent auction prices. Plus CapitaLand Commercial Trust doubles down on its own project in Singapore,… Read More>>

While Shanghai may not have supplanted Hong Kong as Asia’s financial centre, it seems to be surpassing  its southern … Read more>>>

Jho Low Paris Hilton

Greenland NYC Deal Tied to Key Figure in Malaysia’s 1MDB Scandal

Jho Low Paris Hilton

2016/05/23 by Bruce Haring Leave a Comment

The latest New York deal by China’s Greenland Group took a new twist last week when it was revealed that the mainland mega-developer bought its 41 percent stake in Manhattan’s Park Lane Hotel from Jynwel Capital, a company controlled by… Read More>>

The latest New York deal by China's Greenland Group took a new twist last week when it was revealed that the mainland … Read more>>>

Xinhua Cites Spectre of Money Laundering After Chinese Student Buys $24M Vancouver Mansion

2016/05/23 by Guo Chen Leave a Comment

The growing wave of overseas property purchases by Chinese nationals could fuel money laundering, Chinese state media has warned, after it emerged recently that a Chinese student reportedly bought a C$31 million ($23.5 million) mansion in Canada.

In an unusually… Read More>>

The growing wave of overseas property purchases by Chinese nationals could fuel money laundering, Chinese state media … Read more>>>

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