…o on the site of a former Athens airport is being backed by Shanghai-based Fosun, Greek partner Lamda Development and Abu Dhabi’s Eagle Hills. Last month, the government finally ratified the project after objecting to tthe plan since it was announced in 2014. In 2015, a little-known Macau, Shanghai and Singapore-based investment firm Alter City Group reportedly teamed up with CSCEC, the mainland’s biggest builder, to propose a 300,000 square metre…
Search Results for: fosun
Asia Real Estate People in the News 2017-01-16
…year as a Portfolio Officer. Wu also has previous experience working with Fosun’s Bund Finance Center as an Executive in the Office department, as having worked as a Leasing Officer with Hopson Development Holdings. Sunny Chan is an Assistant Manager for Hotel Asset Management with Hang Lung Properties. In her new role, Chan is responsible for the Hong Kong developer’s first hotel project, the Conrad Shenyang in the capital of northeastern China’…
China Oceanwide Said Leading $1B Bid for Tech Media Pioneer IDG
…In October, Oceanwide followed a path already blazed by Anbang Insurance, Fosun and other Chinese players in buying a US financing company. The $2.7 billion purchase of mortgage and life insurance firm Genworth Financial more than doubled the company’s previous total of US investments. Prior to the Genworth deal, Oceanwide had acquired a pair of sites in Hawaii for $290 million in 2015 and early 2016. That pair of adjacent properties are now set…
Anbang’s $6B Buy Led China’s 53% Surge in Outbound Real Estate Investment in 2016
…quisitions by mainland players this year, some deals continue to get done. Fosun has already doubled down in 2017 by reportedly purchasing a historic building in Moscow for $168 million, and picking up an office block in Frankfurt for $53.5 million. China’s largest buyer of global real estate, sovereign wealth fund CIC, has also indicated that it intends to boost its acquisitions of overseas assets in 2017. Despite 2016’s surge of activity from Ch…
Asia Real Estate People in the News 2017-02-26
…r last year. Floria Fu is now Associate Director for Talent Acquisition at Fosun Property in Shanghai. Fu joins the property development arm of the Shanghai-based investment conglomerate after more than three years as a recruiter, first with agency Talent2 and then its successor Aerotek, where she served most recently as a Manager with responsibility for property and construction hires. The graduate of Tongji University also has experience as a Ma…
Li Ka-shing and Guo Guangchang Battle for Parking Space and More Asia Real Estate Headlines
…uangchang Battle for European Parking Space Cheung Kong Infrastructure and Fosun International are among several Asian groups that have submitted bids for Q-Park, one of Europe’s largest parking lot operators, in a deal that could fetch more than $2.4bn. China Oceanwide, a Beijing-based conglomerate owned by a billionaire banking magnate, and Shougang Group, a state-owned Chinese steel company, also joined the first round of bidding on the Netherl…
Anbang Threatens Lawsuits, Denies Reports of Wu’s Detainment
…York Times reported. The accounts of Wu’s detention may sound familiar to Fosun chairman Guo Guangchang. The head of the mainland investment conglomerate was pulled out of the Shanghai airport by police in December 2015, and disappeared for several days. Guo has said little about his experience with the authorities, but several sources have reported that he was detained to ensure his full cooperation with a government investigation of Shanghai of…
China Facing Senior Housing Glut, Says DBS
…medical firms. Major developers that have ventured into the sector include Fosun, Greentown, Greenland, Poly Group, Sino-Ocean Land, and Vanke. While most of these developers are focused on building rather than operating facilities, the DBS analysts caution that a different approach may be needed. “We don’t think there are huge opportunities in the development and construction area. Developers might need to change from the mindset that is prevalen…
Wanda Agrees to Buy London Site for $595M Despite Credit Crackdown
…ons in mid-June to review borrowing by not only Wanda, but also HNA Group, Fosun International and tycoon Li Yonghong’s Rossoneri Sport Investment – which acquired Italian soccer club AC Milan for $828 million last year. New London Project Could Bolster Wanda’s First UK Deal Under the terms of the agreement signed by a Hong Kong subsidiary of Wanda, the company will take over the development of the Nine Elms Square project, which has received outl…
Mainland Builder Sells HK Site to Wang On and More Asia Real Estate Headlines
…to the Singapore stock exchange. Read more>> ICBC Says Scrutiny of Wanda, Fosun and HNA is “Routine” Industrial and Commercial Bank of China (ICBC) said on Friday its checks of loans to companies that made overseas acquisitions is routine, following reports that the regulator had ordered lenders to assess credit extended to a handful of highly acquisitive firms. In a statement, ICBC (601398.SS)(1398.HK) also said it was not “dumping” bonds issued…
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