Leading today’s roundup, Dalian Wanda Group may have stepped back from its ambition to crush Disney in China’s theme park market, but that hasn’t stopped the developer from launching a 34,000 square metre indoor amusement park designed by KCC Entertainment… Read More>>
Chinese Internet giant Tencent is making a second attempt to help Dalian Wanda Group take its shopping mall empire online, as the maker of China’s ubiquitous WeChat app renews a once-failed partnership with the commercial developer.
Under the terms of… Read More>>
Wanda Commercial Management Group, formerly known as Dalian Wanda Commercial Properties Co, recorded a 22 percent drop in profit generated from investment properties in 2017, according to a report in Tencent-owned business new site Yixian.
The developer’s operating profit from investment… Read More>>
Two weeks after a top Chinese government planning body warned against the “blind” construction of theme parks, Walt Disney unveiled the first expansion of its Shanghai Disney Resort with the presence of municipal government representatives sporting grins nearly as large… Read More>>
Dalian Wanda Group is saying goodbye to its partnerships with foreign hotel operators as the Chinese conglomerate continues its quest to build the first globally recognised Chinese premium hotel brand.
While the company has been forced to abandon its attempts… Read More>>
Singapore’s case of collective sales fever continues to grip the Southeast Asian financial hub, as yet another record-breaking housing site headed towards the market, with this one potentially yielding up to 1,500 homes. Also in the news this weekend, Dalian… Read More>>
Holy Week was a good time to get deals done for some of the region’s biggest real estate investors, with Morgan Stanley’s Asia core fund buying a Melbourne asset from TH Real Estate, and Blackstone teaming up with a Chinese… Read More>>
Dalian Wanda’s story in the last year has been a cascade of woe as the one-time world-beating investor has sold off projects in the UK, Australia and China due to a mix of regulatory and financial pressures.
However, a recently… Read More>>
At the top of today’s news, Malaysia’s IOI Properties is poised to go it alone on a prime office project in Singapore’s Marina Bay, after HongKong Land apparently passed on it opportunity to share the prime commercial site. And the… Read More>>
Leading this week’s edition of People in the News, a senior executive responsible for marketing Wanda’s sprawling overseas portfolio has moved to London to take up a parallel role with real estate heavyweight R&F. Another property pro is packing her… Read More>>