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>>
HK Tycoon Henry Cheng Plans £8.4B London Luxury Project
Henry Cheng, chairman of Hong Kong’s New World Development, won approval this week to build 15,000 new homes in London as part of a £8.4 billion ($13 billion) project.
Cheng’s proposal for redeveloping London’s Greenwich Peninsula was given the go-ahead… Read More>>
China’s HNA Group Buys Reuters HQ Building in London
HNA Group, the parent company of China’s privately owned Hainan Airlines, jumped into the London real estate market this week by purchasing a ten-storey tower that is Reuters news agency’s European home.
HNA, which is chaired by Hainan Airlines founder… Read More>>
Chinese Billionaire Buys Goldman Sachs London HQ
Hui Wing Mau, the billionaire chairman of Shanghai-based real estate developer Shimao Holdings, has officially become a player in the European market with his purchase of a central London office complex.
Hui, who has already acquired commercial real estate assets… Read More>>
Greenland Group Breaks Ground on $922M London Housing Project
Greenland Group, which last year grew to become China’s largest real estate developer, started growing its business in the UK last week when it ground on a ₤600 million ($922 million) residential project.
The Ram Quarter project is one of… Read More>>
Fosun Said to Be Seeking London’s $762M Grosvenor House Hotel
China’s Fosun International is said to be pursuing London’s Grosvenor House Hotel, as the investment conglomerate continues to expand its global real estate portfolio.
The five-star London landmark is currently on the market for a reported ₤500 million ($762 million)… Read More>>
Chinese Deal for London’s Crystal Palace All in Pieces
A £500 million ($772 million) plan for a Chinese developer to rebuild London’s famed Crystal Palace appears to have fallen apart recently after 16 months of delay.
Despite attracting a shortlist of architects including Zaha Hadid, Richard Rogers and David… Read More>>
Ping An Makes Second London Acquisition for $490M
China’s Ping An Insurance has made its second acquisition of a major London real estate asset by acquiring Tower Place in the city’s insurance district for ₤327 million ($490 million) according to sources familiar with deal.
The purchase of the… Read More>>
Queen of England in Real Estate JV with Chinese Govt to Buy Mall
The Crown Estate, which manages the Queen of England’s real estate assets, announced late last week that it had joined with an investment-arm of the Chinese government to buy a shopping centre in the UK for £345.5 million ($576.76 million).
China Life Buys 70% of London Tower in $1.35B Deal
China’s cashed up investors landed another billion dollar property last week when the country’s biggest life insurer teamed up with an investment firm belonging to the Qatari government to buy an office building along London’s Canary Wharf for 795 million pounds… Read More>>