Dalian Wanda’s Wang Jianlin this year regained his spot on top of a list of China’s wealthiest people, with the country’s ten richest real estate tycoons boasting total assets of nearly $74 billion, according to the annual Forbes China Rich… Read More>>
Wang Jianlin Confirms Wanda’s Past Ties to Xi Family – Denies Political Connections
Speaking at Harvard University on Thursday China’s richest man, Wang Jianlin, admitted that close relatives of Chinese president Xi Jinping had been shareholders in Dalian Wanda, but credited the commercial property developer’s success to its innovative business model and management… Read More>>
Ping An Commits $1B to US Logistics Real Estate
Ping An Insurance Group, one of China’s five largest insurers, this week became the first major Chinese cross-border investor in the logistics real estate market by committing as much as $1 billion to a joint venture warehouse investment platform in… Read More>>
Will a Chinese Bidder Win Starwood’s $12B Hotel Portfolio?
China’s biggest US acquisition ever could be on the way soon, as three mainland entities are said to have submitted proposals to acquire Starwood Hotels and Resorts Worldwide, with the New York Stock Exchange-listed company currently valued at nearly $12… Read More>>
Will China’s Latest Rate Cuts Rekindle Real Estate Investment?
China’s central bank acted decisively on Friday to pump more credit into the nation’s economy in the face of recent economic data indicating that the nation’s economy is slowing faster than the government has planned.
The People’s Bank of… Read More>>
Gaw Adds London Office Complex and SG Hotel to Growing List of Deals
Private equity real estate firm Gaw Capital Partners has added another $921 million in new deals to its growing list of cross-border property acquisitions by picking up an office block in London and a hotel in Singapore, according to media… Read More>>
China Vanke Buys 20% Stake in $1.16B London Project
The mainland’s second largest developer by sales took its first step into the UK property market recently when China Vanke reportedly invested more than £30 million ($46.4 million) to acquire a stake of just over 20 percent in a London… Read More>>
$1.5 Bil Chinese Project in London Loses Financing After China Minsheng Bails
A £1 billion ($1.5 billion) project to build a centre for Chinese businesses in London is facing an uncertain future after Beijing-based Advanced Business Park’s primary financial backer announced this week that it was putting its investment in the redevelopment… Read More>>
Goodman Breaks Ground on $147M Distribution Centre Near Shenzhen
Australian industrial real estate developer Goodman Group started work on its first major project in southern China this month when it broke ground on a 70,330 square metre (757,025 square foot) logistics facility in Huizhou, Guangdong province.
The new warehouse… Read More>>
Anbang Outbids Canadian Competitors to Win $84M Toronto Tower
China’s Anbang Insurance expanded its growing portfolio of real estate assets to include Canada this month by outbidding at least ten Canadian competitors to purchase an office tower in Toronto for a reported C$110 million ($84.2 million).
Anbang, which leapt… Read More>>
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