Leading the news today, Wang Jianlin’s Dalian Wanda is ready to bet $10 billion that Sichuan residents will have some major healthcare needs, CY Leung notices that Hong Kong’s home market seems to be getting frothy, and JP Morgan coughs… Read More>>
Singapore’s UOL Buys Melbourne Hilton from Host Hotels & Resorts JV for $175 Mil
Singapore-listed real estate conglomerate UOL Group continued to expand its hospitality holdings last week with the announcement of an agreement to purchase the Hilton Melbourne South Wharf hotel in Melbourne, Australia for A$230 million ($175 million).
UOL, which is the… Read More>>
CITIC Capital Targets More Cross-Border Deals as Yuan Slides and More Asia Real Estate Headlines
One of China’s biggest investment houses sees more cross-border real estate investments in 2017, despite an intensifying capital clampdown. Also in the headlines today, a Macau casino clan has taken enough off the tables to buy Exxon’s Melbourne office for… Read More>>
Gaw Capital Forms $151M Fund Targeting Aussie Industrial Assets
With property markets in Melbourne and Sydney looking as if they have peaked, Gaw Capital decided to go in another direction. The Hong Kong-based firm is teaming up with Abacus Property Group for an A$200 million ($151.5 million) opportunistic investment… Read More>>
Poly Real Estate Eyes More Australian Office Investments
Poly Australia, Shanghai-listed Poly Real Estate’s Australian arm, is looking for A-grade office investments in Melbourne’s CBD, according to The Australian. The news comes less than two months after the developer purchased a pair of buildings near Sydney’s Circular Quay… Read More>>
Hang Lung’s Ronnie Chan Unsure When Retail Will Recover and More China Real Estate Headlines
One of the region’s most loquacious mall developers has little good to say about the region’s retail market, China’s real estate recovery continues to spread from tier-one cities to areas just next to them, and Wang Jianlin makes a big… Read More>>
Why Did Greenland Group Abandon Its 31-Storey Melbourne Project?
Officials from one of China’s biggest developers revealed late last week that they were cancelling plans for an 1100-unit residential project in Melbourne, Australia due to unforeseen delays in project approval.
However, Shanghai-based Greenland Group’s project in Melbourne’s Flemington area,… 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>>
Chinese Developers Buy 3 Melbourne Sites for 39M and More China Real Estate Headlines 2016-01-7
China’s stock markets had their shortest trading day in history today, which should leave investors more time to ponder overseas opportunities such as the three Melbourne acquisitions that happened over the Christmas holidays. Also, a Chinese investor plans to buck… Read More>>
Chinese Tycoon Buys Historic Melbourne Villa for $13.4M – Knocks It Down
Residents in one of Melbourne’s richest suburbs may have learned a new Chinese word recently, as one of China’s infamous “tuhao” knocked down a historic home in Toorak, Australia after buying it two years ago for $13.4 million cash.
Xiaoyan… Read More>>
