Rising land costs, combined with a return in investor confidence lead to a 24 percent jump in loans to China’s property sector during the first six months of the year. Overseas, however, the mainland’s principal sovereign wealth fund suffered a… Read More>>
China’s CIC Invests $700M in Brookfield’s 1 New York Plaza
Mainland sovereign wealth fund China Investment Corporation has made its first significant US real estate investment, acquiring a 49 percent interest in the 1 New York Plaza office tower from Brookfield Property Partners for $700 million, according to reports in… Read More>>
China’s CIC to Buy UK Business Parks from Goodman for $355M
Australian real estate developer Goodman is set to sell three business parks in southeast England to Chinese sovereign wealth fund CIC for £250 million ($355.4 million), according to accounts published this week.
The three properties are part of a £600… Read More>>
China’s CIC Said Ready to Bid for $2.4B Aussie Office Fund
The mainland’s biggest buyer of overseas real estate assets may be about to add another $2.4 billion to its global portfolio, as China Investment Corporation (CIC) is said to be considering buying out an Australian property fund.
CIC, which has… Read More>>
Will a Chinese Bidder Win Starwood’s $12B Hotel Portfolio?
China’s biggest US acquisition ever could be on the way soon, as three mainland entities are said to have submitted proposals to acquire Starwood Hotels and Resorts Worldwide, with the New York Stock Exchange-listed company currently valued at nearly $12… Read More>>
Morgan Stanley Sells Australian Property Portfolio to CIC for $1.79B
Morgan Stanley Real Estate Investing announced today that it has agreed to sell the real estate portfolio belonging to its Australian subsidiary, Investa Property Group, to China Investment Corporation (CIC) for A$2.45 billion ($1.79 billion). The deal instantly makes the Chinese sovereign… Read More>>
CIC Teams with AEW to Close on $1.44B European Mall Portfolio
China Investment Corporation (CIC) has joined with investment manager AEW Europe to acquire a fleet of 10 malls in France and Belgium from CBRE Global Investors for €1.3 billion ($1.44 billion).
The retail acquisition is believed to be the largest… Read More>>
Chinese Govt Revealed as Secret Buyer of €270m Brussels Tower
Gingko Tree Investment, a unit of China’s foreign exchange administrator, was revealed this week as the silent partner in the acquisition of a 70,000 square metre (753,000 sqft) office complex in Brussels, Belgium late last month.
According to reports in… Read More>>
China’s CIC Wealth Fund Plans More Deals in Europe
China Investment Corp., the country’s $575 billion sovereign wealth fund, favors European infrastructure and real estate as developed markets will drive the next phase of the global economic recovery.
“Europe has a lot of potential,” CIC Chairman Ding Xuedong said yesterday at a conference in Hong Kong.
Blackstone China Chairman Leung Bolts for Developer Nan Fung
In the latest sign of the appeal of China’s real estate market, Blackstone China Chairman Antony Leung is leaving the US private equity giant to head Hong Kong-based real estate developer Nan Fung.
After seven years running Blackstone’s 120-person China… Read More>>