Asia real estate and outbound investment news
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
Fosun Bids for $1 Bil Condo Project in Sydney
Chinese conglomerate Fosun International has emerged as one of the parties trying… Read More>>
This week Fosun takes on some leadership for its new logistics investment division, Dalian Wanda brings on board more international talent, and US mall developer Taubman builds up its leasing team in Shanghai. Read on for more faces in new… Read More>>
This week we have Hong Kong executives joining Thai investment firms, more old hands signing up with Fosun, and a flurry of promotions and new gigs for our friends in Singapore, Shenzhen and Beijing. Read on for more details.
Bosco… Read More>>
Mingtiandi’s first monthly gathering of real estate and finance industry professionals was held last week and attracted a strong turn-out of executives from both international and local firms.
The happy hour event, which was held at KABB at the new… Read More>>
Chinese investment conglomerate Fosun International has apparently locked up a deal to acquire a 620-hectare seaside site in Athens for a Euros 915 million ($1.26 billion) real estate project.
According to a report by Reuters, Fosun, together with Greek partner… Read More>>
To further drive home the truth that you can’t have fun without buying something, Shanghai’s Disney resort will add the country’s largest outlet mall to its amusement offerings.
Shanghai Shendi Group, which operates the Shanghai International Tourism and Resort Zone… Read More>>
The changing conditions in China’s real estate market seems to have spurred a surge of deals with Fosun making a play in Greece, developers shoring up their finances, and the first international acquisition made through Shanghai’s new free trade zone.
Investment in Manhattan office properties reached US$5.5 billion in 2013, with an influx of Chinese investors helping drive the market to a record high, according to a recent market study.
The report from international property consultancy Colliers International found that… Read More>>
Chinese conglomerate Fosun International Ltd (0656.HK), which is rapidly becoming one of China’s leading global investors, today reassured investors that it has adequate cash to finance its proposed 1 billion euro purchase of Portuguese insurer Caixa Seguros e Saude.
The company also indicated that it will continue to look for investment opportunities outside of China.
Chinese investment firm Fosun Group and Prudential Financial, Inc. (PFI) from the US, today announced plans for a real estate joint venture to invest in mixed-use development projects in China, and in select overseas locations.
The two companies refrained from stating dollar amounts or location specifics for the projects, however, Fosun has recently focused within China on tourism developments such as its plans for a 7-star resort hotel in Shanghai. Overseas, the investment conglomerate purchased 1 Chase Manhattan Plaza from JP Morgan Chase for US$725 million last October.
