Guo Guangchang’s Fosun, one of China’s biggest property investors, is expanding its portfolio into sports teams, as the Shanghai-based firm is said to be seeking to acquire AC Milan, after buying the UK’s Wolverhampton football team last month. Also in… Read More>>
China Life Endorses Wanda’s $4.4B HK Buyout Plan and More Asia Real Estate Headlines
Wang Jianlin took another step toward his dream of privatising his Wanda commercial property business this week when the $4.4 billion plan received backing from one of his biggest shareholders, while the wannabe entertainment impresario made what is said to… Read More>>
Li Ka-shing Praises China Economy and More Greater China Real Estate Headlines
Things must be getting more challenging in Hong Kong, as the city’s richest man seems to be reconsidering his outlook on the mainland, after selling several properties there. Plus, Fosun’s Guo Guangchang says he can help foreign retailers jump over… Read More>>
Chinese Developers Take on Record Leverage and More Greater China Real Estate Headlines
The mainland’s publicly listed developers have taken on more debt than ever in the last year, but over the in the US, major mainland investments are expected in the hotel sector. Plus Anbang’s Wu Xiaohui decides to skip an event… Read More>>
Shanghai Land Prices Soar Past HK and More Greater China Real Estate Headlines
While Shanghai may not have supplanted Hong Kong as Asia’s financial centre, it seems to be surpassing its southern neighbor for land values, judging by recent auction prices. Plus CapitaLand Commercial Trust doubles down on its own project in Singapore,… Read More>>
Fosun Announces Net Profit Rise of 17% in PR Blitz and More China Real Estate Headlines
China’s biggest private investment conglomerate put its PR machine into hyperdrive last week as the company worked to reassure markets that it had completely recovered from the detention of its chairman last December. Plus, Dutch pension fund manager APG explains… Read More>>
Greenland Scratches $33.8M Melbourne Project Citing Delays and More China Real Estate Headlines
China’s second-largest developer gives up on a Melbourne project as it struggles to raise interest in its hotel REIT, and media in the UK reveals that an attempted Fosun acquisition was scuttled due to a lack of financial transparency. Meanwhile,… Read More>>
Fosun Returns to UK Market with $426M Deal for London Office Complex
China’s Fosun International, is preparing to close a £300 million ($426.4 million) deal for a London office complex, according to a report today in Reuters.
Should the deal for Thomas More Square, a 566,000 square foot (52,500 square metre) tower… Read More>>
Aussies Force Sale of Illicitly Bought Homes and More China Real Estate Headlines 2016-01-20
Australia has sussed out another eight foreigners illegally buying local homes, while Fosun is said to be sniffing around Ascendas’ hotel REIT and Wang Jianlin has another IPO to talk up. All these headlines and more if you just read… Read More>>
Fosun Chairman Guo Guangchang Said to Be Detained Amid Graft Sweep
Guo Guangchang, chairman of China’s largest private investment conglomerate, Fosun International, was reportedly detained by police yesterday amid a deepening anti-graft campaign.
Fosun made headlines internationally in 2013 by purchasing Chase Manhattan Plaza in New York for $725 million, and… Read More>>
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