China’s largest developer scored its biggest profits ever in 2015, but still fell short of analyst expectations. Meanwhile local competition for WeWork readies for the US coworking giant’s market entry with a fresh round of venture capital. Read on for… Read More>>
Will Anbang’s $13B Bid for Starwood Derail Marriott’s Mega-Merger?
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>>
Anbang Sets Cross-Border Record Buying $6.5B in Hotels from Blackstone
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 Grabs Controlling Stake in $730M Vancouver Complex
China’s Anbang Insurance, which made its name by purchasing New York’s best-known hotel, is now said to be acquiring one of Vancouver’s most famous landmarks in a transaction which would value the property at more than C$1 billion ($729 million).
China Built 58% of World’s Skyscrapers in 2015 and More China Real Estate Headlines 2015-01-21
Despite a slowdown in investment, China once again led the world in tall buildings last year, adding 62 new skyscrapers. Also Wang Jianlin announces that his new credit cards will spread worldwide in five years and Blackstone’s chairman says China’s… Read More>>
Vanke Plans Share Issue as Next Step in Battle for Control of Developer
China Vanke, which has been fighting off an unwanted takeover attempt by a privately held mainland conglomerate, announced today that it may potentially be issuing new shares in the developer as part of a plan for acquiring an unnamed company.
Anbang Pays $420M to Up Sino-Ocean Stake and More China Real Estate Headlines 2015-12-17
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
Anbang Pays $420M to Up Sino-Ocean Stake
Anbang Insurance Group Co. paid HK$3.3 billion ($420 million) to raise its stake in… Read More>>
Wharf Sells 6% Stake in Sino-Ocean to Mystery Buyer for $284M
The battle for shares in China’s largest property developers surged to a new level late last week after Hong Kong real estate giant Wharf Holdings revealed on Thursday that it would be selling its 5.93 percent stake in Sino-Ocean Land… Read More>>
HK Cafe Gets Michelin Mention, Landlord Doubles Rent and More Real Estate Headlines 2015-12-10
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
HK Dessert Shop Gets Michelin Mention, Landlord Doubles Rent
A Michelin-recommended restaurant has been forced to up sticks and move after… Read More>>
Anbang Outbids Canadian Competitors to Win $84M Toronto Tower
China’s Anbang Insurance expanded its growing portfolio of real estate assets to include Canada this month by outbidding at least ten Canadian competitors to purchase an office tower in Toronto for a reported C$110 million ($84.2 million).
Anbang, which leapt… Read More>>