China’s top commercial developers saw their operating income rise more than 5 percent in 2022, with Dalian Wanda Group’s mall-building business once again dominating the pack, as the mainland’s housing market crisis and sluggish economy left the country’s largest commercial… Read More>>
Temasek-Backed STT GDC Eyes $1B IPO and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore’s ST Telemedia Global Data Centres reportedly contemplates an initial public offering, Dalian Wanda’s services unit scores a big offshore loan, and Kaisa Group is taken to court in New York over missed… Read More>>
Wanda Mall Unit Refiles Prospectus a Second Time as Hong Kong IPO Plan Struggles
The shopping centre unit of Chinese conglomerate Dalian Wanda Group last week submitted a third prospectus for a Hong Kong initial public offering after two earlier applications had expired without seeing China’s largest commercial developer rejoin a stock exchange it… Read More>>
Hong Kong Home Prices Hit 42-Month Low and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Hong Kong home prices hit a fresh multi-year low, a Canadian pension fund manager opens an office in Mumbai, and China-based Dajia Insurance looks to sell a trio of US hotels.
Wanda Aims for Fresh Hong Kong Listing After $460M Zhuhai Govt Investment
Dalian Wanda Commercial Management Group appears to be setting the stage for a return to the Hong Kong stock exchange after receiving fresh backing from a southern Chinese city’s government.
The property arm of billionaire Wang Jianlin’s Beijing-based Wanda Group… Read More>>
Wanda Led China’s Top 10 Commercial Developers Again in 2019
Wang Jianlin’s Dalian Wanda Group may have been forced to unwind its overseas ambitions, but the billionaire’s property business in mainland China shows no signs of flagging after it hauled in operating income more than double that of its closest… Read More>>
Dalian Wanda Plans $1B Singapore REIT Listing
China’s largest commercial developer, Dalian Wanda Group, is planning to list a real estate business in Singapore, in a deal that could value a portfolio of properties at over $1 billion, according to a Wall Street Journal report.
The potential… Read More>>
Dalian Wanda Buys Shanghai Commercial Site for RMB 575M
China’s largest commercial developer is set to add to its portfolio of nearly 300 shopping malls after Dalian Wanda Commercial Management Group purchased a site in southern Shanghai for RMB 575 million ($85.5 million).
Wanda Commercial, the development unit of… Read More>>
New World 1H Profit Jumps 29% and More Asia Real Estate Headlines
Both a Hong Kong and a mainland China property company are reporting good news today, with New World Development recording a 29 percent hike in core profit over a six month period, while Dalian Wanda successfully floated a $300 million… Read More>>
Despite Financial Woes, Wanda Dominates China’s Top Commercial Developers in 2018
Dalian Wanda boss Wang Jianlin has been forced to scale back his ambitions and sell off overseas and non-core assets in the past two years, but his flagship real estate operation still has more than twice the operating revenue of… Read More>>
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