Chinese developer Greenland has commenced settlements of their first completed apartment project in Australia, the 211-unit Lucent in North Sydney, amid concerns Chinese apartment buyers would start defaulting on payments.
Informal controls on outbound capital in China… Read More>>
SG’s Surbana Jurong Acquires Australia’s SMEC Holdings for $297M
Singapore-based urban development consultancy Surbana Jurong has acquired Australian competitor SMEC Holdings for approximately $297 million, according to a joint statement by the two companies.
The acquisition by the subsidiary of Singapore’s Temasek Holdings will create a 10,000 person consultancy… Read More>>
Brexit Saves London From Being World’s Most Expensive Place to Work
Brexit may already being paying dividends for London – provided that the goal of the historic decision to leave the European Union was to make the UK’s capital look cheaper than New York and Hong Kong.
After sitting atop the… Read More>>
HK-Listed Champion REIT Raises Distributions 15%
Hong Kong-listed real estate investment trust Champion REIT raised its distributions per unit for the first half of 2016 by 15 percent compared to the same period last year, following solid growth in rental income from its portfolio of commercial… Read More>>
Legendary Losses Slowing Down Wang’s Dream of a Cinema Empire
Chinese billionaire Wang Jianlin has big plans for building a movie business empire, but that golden future looks a bit further off after the tycoon’s Dalian Wanda Group announced an indefinite delay in the incorporating Legendary Picture into its mainland-listed… Read More>>
Anbang Back in Hotel Hunt with $7B Bid for IHG
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 Tower Developer Said to Invest in $2.98B NYC Project
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>>
Wanda Closes RMB 7B Theme Park for Renovation 19 Months After Opening
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 Sets High Mark for 2016 With RMB 8.8B Pudong Land Deal
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>>
Wanda Whiffs on $3B Ecommerce JV with Tencent and Baidu
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>>
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