Dalian Wanda has sold 37 department stores to Chinese retailer Suning.com for an amount estimated to be less than RMB 8 billion ($1.18 billion) as China’s largest commercial developer continues a two-year sell off of overseas and non-core assets after… Read More>>
Despite Financial Woes, Wanda Dominates China’s Top Commercial Developers in 2018
Dalian Wanda boss Wang Jianlin has been forced to scale back his ambitions and sell off overseas and non-core assets in the past two years, but his flagship real estate operation still has more than twice the operating revenue of… Read More>>
Gaw Capital in $800M China Rental Apartment Venture with SCE
Hong Kong private equity firm Gaw Capital and property developer China SCE Group Holdings have agreed to establish a long-term rental apartment investment platform in China backed by initial funding of $800 million, China SCE has announced.
The joint venture aims… Read More>>
Wanda Looks to Cash In on Red Tourism With $1.74B Communist Party Theme Park
Property conglomerate Wanda Group has announced the signing of an agreement with the municipal government of Yan’an, in the remote reaches of Shaanxi province, to build a Communist Party theme park in the city recognised as the birthplace of China’s communist… Read More>>
Wanda Targets 17 Mall Openings by Year-End
Wanda Group has announced that it is opening 17 new Wanda Plaza shopping centres in the last five weeks of this year, accounting for 34.7 percent of the company’s total new mall openings for 2018.
The surge of new debuts… Read More>>
China’s HNA Real Estate Takes Real Estate Out of Its Name
HNA Real Estate Holdings has been having a close-out sale of some of its biggest assets this year, but now the property division of China’s best-known, and most-indebted, aviation conglomerate is going a step further by taking the words real… Read More>>
Wanda Sells One Beverly Hills Project for a Reported $420M
Chinese billionaire Wang Jianlin has added a new chapter to the unwinding of his plans for a global real estate empire as reports last week confirmed that his Dalian Wanda Group had sold a prime Los Angeles site that was… Read More>>
Country Garden Plans $1B Convertible Bond and More Asia Real Estate Headlines
The Market Strikes Back could be the subtitle of today’s roundup of real estate news from around the region as developers in Hong Kong struggle to sell homes amid an unexpectedly steep downturn, and mainland developers scramble to arrange new… Read More>>
Wanda Takes on RMB 30B Tourism Project in Lanzhou
After selling 13 Wanda tourism cities to Sunac China less than two weeks ago, mainland real estate tycoon Wang Jianlin’s Dalian Wanda Group has agreed to build a new Wanda tourism city in the northwestern China city of Lanzhou.
The… Read More>>
Wanda Sells Tourism Management Business to Sunac for RMB 6.28B
Dalian Wanda Group ended weeks of speculation on Monday by confirming that it has sold its tourism management business to Hong Kong-listed Sunac China Holding for RMB 6.28 billion ($902 million).
The sale follows tycoon Wang Jianlin’s RMB 43.8 billion… Read More>>
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