Asia real estate and outbound investment news
China’s Anbang Insurance has apparently rekindled its passion for hotels with the mainland financial upstart reportedly preparing a $7 billion bid for the FTSE-listed Intercontinental Hotels Group.
Anbang, which became famous for its $1.95 billion acquisition of New York’s Waldorf… Read More>>
Shanghai Municipal Investment (SMI), the developer of the 128-storey Shanghai Tower, is said to be partnering with New York’s Extell Development on a $2.98 billion project in Manhattan.
Documents filed in Delaware, and reported by The Real Deal, indicate that… Read More>>
The highly touted Wuhan Wanda Movie Park, owned by China’s largest real estate company, the Dalian Wanda Group, has closed for “upgrades and renovation” just 19 months after the grand opening of the RMB 7 billion ($1.05 billion) attraction. The… Read More>>
Gemdale Corp has taken the title of China’s new ‘land king’ as the developer outbid more than 20 rivals to pay RMB 8.8 billion ($1.3 billion) for a 140,252 square-meter parcel of land in Shanghai last week.
The Shanghai-listed company’s… Read More>>
China’s richest man may have just gotten a bit poorer after Internet giants Tencent and Baidu apparently walked away from a $3 billion ecommerce joint venture with Wang Jianlin’s Dalian Wanda group.
Just two years ago, Wang was trumpeting the… Read More>>
Hong Kong-listed Future Land Development plans to sell high-end units at its new project in Shanghai’s Hongkou district for RMB 120,000 per square meter, representing more than a 20 percent premium over current selling prices in the area.
“There is… Read More>>
Leading US developer Hines teamed up with China’s Gemdale Properties & Investment in May to help kickstart a Boston project that has been in the works since 1990.
Now, just over three months later, the transpacific partners have submitted revised… Read More>>
NYSE-listed Xinyuan Real Estate has purchased a theatre in Queens, New York from JK Equities LLC for $66 million, as the mainland Chinese developer prepares to build its third condo project in New York City.
Xinyuan, which in 2012 was… Read More>>
SOHO China, the Beijing-based real estate developer controlled by celebrity entrepreneurs Zhang Xin and Pan Shiyi, confirmed on Friday that it has sold a commercial building in Shanghai’s Pudong district to a mainland insurer for RMB 3.2 billion ($485 million).
Transplanted Chinese developer Aqualand picked up its ninth project in Sydney, and its second this month, with the purchase last week of an office building in the city’s Milsons Point area from Australian real estate investment company Barana Group… Read More>>
