Orient Golf Shanghai opened in 2003, just one year before the Chinese government passed a law banning construction of golf courses, and just in time to benefit from a golf boom fuelled by China’s newly wealthy business and political classes.
Vanke’s $116M Manhattan Acquisition Now Centre of NYC Investigation
In the last week of February, China Vanke announced its latest victory in a quest to expand in the US market, the $116 million purchase of a vacant nursing home in Manhattan for conversion into 100 luxury condominiums.
However, February’s… Read More>>
Wanda Halts Land Purchases in 3rd Tier Cities, Continues Mall Expansion
Dalian Wanda Commercial Properties says it will stop buying land for new mainland residential and office projects, except in first and second-tier cities, as housing markets in China’s smaller urban centres continue to suffer from a prolonged real estate slide.
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>>
Could Chinese Insurance Officials Kill Anbang’s Next Bid for Starwood?
Marriott International added a new chapter to the Starwood Hotels & Resorts takeover drama yesterday, when Starwood’s board pushed aside a $13.2 billion deal with China’s Anbang Insurance, to accept a counteroffer from Marriott worth $13.6 billion.
Many observers are… Read More>>
Anbang Buys Starwood for $13.2B and Blackstone Wins Again
The board of Starwood Hotels & Resorts recommended on Friday that the hotel chain accept a newly sweetened $78 per share buyout offer from China’s Anbang Insurance, pushing aside an earlier merger agreement with Marriott International.
The $13.2 billion deal… Read More>>
Bain Capital Buys Asian Hospital Chain for $150 Mil
Bain Capital LLC has entered the race to develop private hospitals in China by paying $150 million for a controlling interest in Asia Pacific Medical Group, according to a report today in the Wall Street Journal.
The private equity firm,… Read More>>
Is Ping An Ready to Make Its First Real Estate Buy in the Bay Area?
China’s insurance giants continue to show off their hunger for US real estate with Ping An Insurance reportedly preparing a bid for a 209,000 square metre (2.25 million square foot) office complex in the San Francisco bay area.
Ping An,… Read More>>
Greenland Group Readies $3.24B in Hotels for Singapore REIT Listing
Greenland Group continues to lessen its dependence on its domestic real estate market after China’s second largest developer by sales announced on Friday that it would package up 19 of its mainland hotels into a Singapore-listed REIT.
Once listed, the… Read More>>
WeWork Raises $430M From Legend and Hony for Asia Push
US co-working phenomena WeWork became the latest US “sharing economy’ startup to take aim at Asia this week when it raised $430 million in a round led by Chinese investors.
The six-year-old shared office provider is now valued at $16… Read More>>
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