Some of the region’s largest real estate investors and developers made board-level changes in their teams this week, including a new CEO appearing at NYSE-listed developer Xinyuan Real Estate. We also found a new CFO appearing at Savills Investment Management,… Read More>>
China Life Teams With RXR to Buy NYC Office Tower for $1.65 Bil
China Life Insurance Group has taken an undisclosed equity stake in New York City office tower 1285 Sixth Avenue in partnership with developer Scott Rechler’s RXR Realty. The $1.65 billion deal continues the recent overseas buying spree by China’s insurance… 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>>
Chinese Insurers Will Drive Outbound Deals to $20B in 2015 Says JLL
Cross-border real estate acquisitions by Chinese investors are on a path to reach a record $20 billion in 2015, as mainland insurers go after overseas assets, according to property consultancy JLL.
With trophy deals such as Anbang Insurance’s $1.95 billion… Read More>>
China Life Buys Kowloon Office Tower From Wheelock for $755M
Mainland insurer China Life Insurance set a new record for purchase of a commercial property in Hong Kong’s Kowloon area by purchasing two buildings currently under development at Wheelock and Company’s One Harbourgate complex for HK$5.86 billion ($755 million).
The… Read More>>
China Life to Invest $1 Bil in GLP’s US Warehouse Portfolio
China Life Insurance Co became the second major mainland insurer to commit $1 billion to US logistics real estate assets in one week, when the Beijing-based giant agreed to take a stake in a warehouse portfolio recently purchased by Singapore’s… Read More>>
3rd Wave of Chinese Real Estate Investment Hits Aussie Shores
Chinese real estate investment has spread from banks and sovereign wealth funds which bought trophy assets in the world’s biggest markets, to property developers looking for project opportunities in the world’s gateway cities.
Now according to a recently released report,… Read More>>
Ping An and China Life Team with Tishman in $500M Boston Project
Two of China’s largest insurers took their first steps into the US market real estate market this week as American developer Tishman Speyer announced that China Life Insurance and Ping An Insurance would take a majority stake in a $500… Read More>>
Dalian Wanda Raises $3.7B in Hong Kong’s Biggest IPO of 2014
Dalian Wanda Commercial Properties has raised US$3.7 billion through a Hong Kong IPO, after the Chinese real estate company belonging to PLA officer turned billionaire businessman Wang Jianlin is said to have priced its shares today.
A report in FinanceAsia… Read More>>
China’s Sunshine Insurance Buys Sydney Sheraton Hotel for $401M
Hospitality group Starwood Hotels & Resorts Worldwide announced on Friday that it had sold its Sheraton on the Park in Sydney, Australia to China’s Sunshine Insurance Group Corporation for A$463 million (US$401 million).
The acquisition continues a number of major… Read More>>