Bank of China may have a new place to call home in Sydney after buying the 140 Sussex Street building from Deutsche Asset Management’s RREEF Real Estate for A$130 million ($100 million), The Australian reported. The bank has yet to… Read More>>
Poly Real Estate Eyes More Australian Office Investments
Poly Australia, Shanghai-listed Poly Real Estate’s Australian arm, is looking for A-grade office investments in Melbourne’s CBD, according to The Australian. The news comes less than two months after the developer purchased a pair of buildings near Sydney’s Circular Quay… Read More>>
Country Garden Buys 2nd Sydney Site for $35 Mil
Chinese residential developer Country Garden has acquired a second residential site in Sydney after a three-year hiatus.
After several false starts, and a change of general manager in its Australian operations, the company has now secured a site amalgamated from 10… Read More>>
Greenland Predicts No Problems for Chinese Buyers in Sydney Despite Default Worries
Chinese developer Greenland has commenced settlements of their first completed apartment project in Australia, the 211-unit Lucent in North Sydney, amid concerns Chinese apartment buyers would start defaulting on payments.
Informal controls on outbound capital in China… Read More>>
China’s Aqualand Buys 9th Sydney Site for $105M
Transplanted Chinese developer Aqualand picked up its ninth project in Sydney, and its second this month, with the purchase last week of an office building in the city’s Milsons Point area from Australian real estate investment company Barana Group… Read More>>
China’s Aqualand Said to Win Bid for Sydney’s $1.5B Central Barangaroo Project
Residential developer Aqualand, the Australian subsidiary of Shanghai-based property group, Shenglong with Australian builder Grocon and shopping centre giant Scentre could soon win a bid to develop a A$2 billion (US$1.5 billion) mixed-use project in the centre of Sydney, according to… Read More>>
Transplanted Chinese Developer Aqualand Buys Sydney Site for $41M
Rapidly expanding property developer Aqualand, backed by its mainland China-based parent Shanghai Shenglong Investment, has acquired a 13,215 sqm office and warehouse facility in Sydney’s Macquarie Business Park in the north of the city for A$54 million (US$41 million), as the… Read More>>
Greenland Runs Afoul of the Law Over Contaminated Sydney Site
An apartment block being built by Greenland Group in Sydney has hit a speedbump after the the New South Wales Environment Protection Authority ordered the Shanghai-based developer to clean up the contaminated development site before pursuing the… Read More>>
Wanda’s Gold Coast Jewel Losing Lustre After Year of Slow Sales
China’s Dalian Wanda Group’s 512-apartment Jewel project on Australia’s Gold Coast may be losing its shine after the company revealed that only 25 percent of apartments in the luxury condo complex have sold since the joint venture with fellow Chinese… Read More>>
Beijing Macrolink Buys Sydney’s Coca-Cola Building for A$158.5M
Chinese conglomerate Macrolink Group has finalised its purchase of the iconic Coca-Cola office building at Circular Quay in Sydney for A$158.8 million ($119 million).
The Beijing-based group which started as a timber and wood import and export company in 1990… Read More>>
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