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>>
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>>
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 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.
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>>
China Investment Corporation (CIC) is set to buy a London office project from Blackstone for more than US$1.28 billion (GBP 800 million) according to a report in the Financial Times.
CIC was first said to be in talks about acquiring… Read More>>
New rules which allow Chinese funds to invest up to 15 percent of their cash overseas has property agents in the London and other major real estate destinations getting ready to sell to Chinese financial institutions.
Just last week, China’s… Read More>>
According to reports in the Wall Street Journal and the official China Daily, China’s government has made an investment of more than US$500 million into Blackstone Real Estate Partners VII, a private equity fund active in in commercial real estate.
While there… Read More>>