Chinese developer invests $1.5b in London – and more of Today’s China Real Estate Links | May 31, 2013

Here is a list of the day’s latest China real estate news collected from around the web:

• Chinese developer invests $1.5b in London

  An agreement, worth 1 billion pounds ($1.51 billion), to transform a dockland in eastern London into a business port for attracting Chinese and Asian companies to develop in Europe was signed in London on Wednesday.

  ABP Chinese (Holding), a private company founded in 2003, plans to build the Asian business port, the first of such in Europe, and a new financial center in the 130-year-old Royal Albert Dock area in Newham in eastern London, claiming to be the largest commercial real estate development project involving Chinese investment in Britain and in the history of China-Britain cooperation.

• Shanghai land sold at record high price despite curbs

  Authorities in Shanghai on Wednesday sold a land parcel for 4.6 billion yuan ($751.45 million) – a record high in the country’s financial hub, state radio reported, despite the government’s intensified efforts to cool down the real estate market.

  The land was sold at a floor space cost of 29,918 yuan per square metre, up 57 percent from the minimum price set at the start of the auction.

• Morgan Stanley property unit to raise up to $3 billion global fund

  Morgan Stanley’s real estate unit, Morgan Stanley Real Estate Funds, is looking to raise between $1 billion and $3 billion for a global property fund, the Wall Street Journal reported, citing people familiar with the discussions.

  Morgan Stanley executives have begun talks with pension funds and other prospective investors, and are hoping that China Investment Corp will become an anchor investor, the Journal reported.

• Carlson Rezidor Hotel Group Signs Three Hotels in China

  Carlson Rezidor Hotel Group continued its expansion in Asia by recently announcing that it has signed three new hotels in China. Currently the group has 33 hotels in operation and under management in China.

  Carlson Rezidor signed hotel management contracts for Radisson Blu Chengdu East, Radisson Blu Plaza Wuxi and Radisson Blu Wuhan ETD Zone.

This list is updated daily, so tune in again tomorrow for more up to date information.