Asia real estate and outbound investment news
Singapore Press Holdings has scrapped its acquisition of a portfolio of senior living facilities in Canada, as the potential impact of COVID-19 on property values triggers second thoughts on valuations.
The SGX-listed media and property conglomerate announced to the stock… Read More>>
Singapore home sales lead the way in Mingtiandi’s roundup of Asia real estate headlines today after deals for new housing took a 30 percent jump, while a Chinese e-commerce giant and a large mainland developer are among the shortlisted bidders… Read More>>
Blackstone has teamed up with Los Angeles-based Hudson Pacific Properties to acquire the Bentall Centre in Vancouver from Anbang Insurance, a deal which opens a new chapter for the US private equity giant in its relationship with the now notorious… Read More>>
China’s scandal-racked Anbang Insurance is reportedly preparing to sell a Vancouver office complex which it purchased for over C$1 billion ($730 million) in 2016 as the Beijing-based insurer continues to unwind its overseas holdings.
Anbang is currently in talks with… Read More>>
China’s overseas acquisition drive has suffered another blow amid scrutiny by foreign regulators, with the Canadian government rejecting the proposed $1.2 billion acquisition of Aecon Group, one of Canada’s largest builders, by state-owned CCCC International Holding Limited (CCCI).
Canada’s national… Read More>>
Could Anbang Insurance be pursuing a billion dollar deal that does not involve Blackstone? The mainland institution which has bought up over $11 billion in assets from the US private equity giant could be tying up with new partners after… Read More>>
There is no denying Anbang Insurance Group loves hotels, the mainland insurer has made a number of headline-stealing acquisitions including the $1.95 billion purchase of the Waldorf Astoria last year, but it appears as if the firm may also have… Read More>>
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’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>>
Greenland Group, China’s largest developer by sales, began construction of its third project in North America on Friday when it broke ground on a pair of towers in downtown Toronto.
The King Blue development in Toronto’s entertainment district will include… Read More>>
