China’s cashed up investors landed another billion dollar property last week when the country’s biggest life insurer teamed up with an investment firm belonging to the Qatari government to buy an office building along London’s Canary Wharf for 795 million pounds… Read More>>
Real Estate Crisis Creates Takeover Opportunity for China’s Insurers
While China’s real estate industry has been beset by reports of falling prices and slowing sales all of this is apparently good news for the country’s insurance companies, as two of the financial giants compete to take over developer Gemdale… Read More>>
China’s Insurers in No Rush to Buy Real Estate
Mainland insurers are off to a slow start in property investments in and outside the country as they gradually build up specialised teams and pin down strategies following a relaxation of policies by state authorities.
In 2012, the industry… Read More>>
Developer Greenland Raises RMB 11.73 Bil in Equity Sale
The overseas acquisitions of China’s most adventurous real estate developer seem to be paying off as Greenland Holdings recently raised RMB 11.73 billion (US$1.93 billion) from five domestic investors.
The share sale to a group of domestic Chinese investment funds… Read More>>
81 Percent of China’s Insurers Prefer to Invest in Real Estate
China’s insurance funds have US$1.19 trillion invested, and more than three-quarters of them are looking for real estate deals to spend their cash on, according to a report last week by PricewaterhouseCoopers.
In a survey of executives at China’s insurance… Read More>>
Shui On Sells Shanghai Project for RMB 3.32 Bil – 2nd Sale in 1 Week
Real estate developer Shui On Land is selling its 5 Corporate Avenue project in Shanghai for RMB 3.32 billion ($545 million), the second asset sale by the developer in a week.
According to a December 4th statement by the Shanghai-based… Read More>>
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