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’s CIC Outbids Europeans for $1.2 Bil French Mall Portfolio
China Investment Corporation (CIC) is close to making the first major Chinese investment in French real estate, after submitting a $1.2 billion bid for a portfolio of shopping malls belonging to CBRE Global Investors.
The $653 billion sovereign wealth fund… 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.
Chinese Investment in London Property Up 1500% Since 2010
Research released last week by Jones Lang LaSalle shows that Chinese investment in London real estate has risen over 1500% since 2010, increasing from US$88.2 million to over US$1.63 billion at the end of quarter three 2013.
This increase means… Read More>>
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>>
Blackstone Selling London Office Park to CIC for $1.28 Billion
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>>
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