Asia Pacific real estate investment news and information
Diversified Chinese investment conglomerate Fosun International announced last week that it is organising a share sale to raise up to $668 million to help pursue its goal of becoming the Berkshire Hathaway of Asia.
According to a story in the… Read More>>
Foreign purchases of trophy buildings in the US more than doubled during 2013, and the leading hunters of these high profile assets were from China, according to a soon-to-be released market survey.
Major acquisitions of landmark properties by investors such… 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>>
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.
A new player may be emerging in China’s overseas investment surge as an investment vehicle majority invested by China Cinda, the nation’s “bad bank,” together with a US partner spent $304 million to purchase a 65-storey office building in Chicago.
The deal… 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.
Fosun International Ltd, the closely held Chinese conglomerate which owns Club Med, plans to build a 7-star resort hotel near Shanghai’s Disneyland.
According to a report in the official People’s Daily, Fosun CEO Liang Xinjun indicated that the group would build it’s second Atlantis Hotel near the as yet incomplete Disney project. “They (Atlantis executives) are really interested in building it near Disneyland,” Liang commented.
Chinese conglomerate Fosun International Ltd. picked up Portuguese insurance firm Caixa Seguros e Saude this week for 1 billion euros ($1.36 billion), marking one of the biggest overseas investments in the finance sector to date by a Chinese investor.
In a sign of China’s growing economic clout, Fosun bested U.S. buyout firm Apollo Management International LLP to acquire the insurance arm of Portugal state bank Caixa Geral de Depositos SA
Here is a list of the day’s latest China real estate news collected from around the web:
The 2.4% rise in the stock price of Chinese real estate… Read More>>
