Asia Pacific real estate investment news and information
Dalian Wanda, the property developer headed by China’s richest man, plans to invest up to 3 billion pounds ($5 billion) in regeneration projects in Britain, Britain’s prime minister said on Friday.
Prime Minister David Cameron unveiled the investment after meeting Dalian Wanda’s chairman Wang Jianlin in Davos this week. It comes after Cameron led the largest-ever British mission to China last December that involved about 100 business people.
While China’s investors have been buying up London real estate in recent years, and firms like Greenland Group and Dalian Wanda have made billion dollar acquisitions of commercial properties, the country’s nouveau riche are now moving into the English countryside.
According to a story from the UK’s Guardian, Chinese investors are among the growing numbers of rich foreigners buying farms and country estates across Britain.
Following through on a deal originally announced in June, Chinese real estate developer Dalian Wanda last week completed the acquisition of the One Nine Elms project for more than US1.1 billion from the UK’s Green Property.
According to an announcement… Read More>>
According to a recently released report on London residential real estate, wealthy Chinese are helping to lead an Asian surge into UK property.
The report, which was released on January 16th by real estate consultancy Knight Frank, found that 50… Read More>>
Here is a list of the day’s latest China real estate news collected from around the web:
Chinese listed property developers are under pressure to decrease the size of their inventories,… Read More>>
