China’s long-running anti-corruption campaign leads today’s look at personnel moves from around Asia’s real estate industry with the former head of top investor China Life having been booted from the Communist Party for alleged crimes and rule violations. Also making… Read More>>
Wanda Selling Hotel Business to Tencent-backed Travel Firm for $347M
Debt-ridden Dalian Wanda Group has agreed to sell its hotel management arm to a Tencent and Trip.com-backed travel company for RMB 2.5 billion ($347 million), as the property conglomerate continues to shed assets.
Wanda Hotel Development Limited, which is 65… Read More>>
Former Dalian Wanda President Becomes Third Wang Jianlin Associate to Vanish in 2023
Ding Benxi, a retired former president of Dalian Wanda and current non-executive director of the Chinese developer’s hotel arm, has become the third Wanda personality to go missing this year as the group scrambles to meet debt obligations and launch… Read More>>
Swire Properties Sells HK Office Towers to Mainland Tycoon for HK$15B
Swire Properties has agreed to sell a pair of office buildings in Hong Kong’s Quarry Bay area to a little-known mainland investor for HK$15 billion ($1.9 billion), according to an announcement by the company on Friday to the Hong Kong… Read More>>
Wanda Selling Sydney, Gold Coast Projects to Star of Aussie Political Scandal
Dalian Wanda Group has reached the next milestone in its global retreat as the Chinese investment conglomerate today confirmed the sale of its two Australian properties for the equivalent of A$1.13 billion ($913 million), including A$315 million ($255 million) in… Read More>>
Wanda Selling Stakes in UK, US and Aussie Projects in $1B Restructuring
Dalian Wanda Group is selling stakes in nearly $4.5 billion in real estate projects across the UK, US, China and Australia to a privately held company controlled by its chairman Wang Jianlin, according to an announcement to the Hong Kong… Read More>>
Wanda Hotel Unit Announces $1B Group Restructuring and More Asia Real Estate Headlines
In today’s headlines, troubles continue for Wang Jianlin as Dalian Wanda is reshuffling over $1 billion in assets, while a troubled Singaporean industrial trust may be in luck, as the manager of e-Shang Redwood (ESR) is in talks for a… Read More>>
Blackstone Vies With ADIA for $250M India Business Park and More Asia Real Estate Headlines
At the top of the news, Blackstone is reportedly dueling with sovereign wealth fund ADIA for a $250 million business park in Mumbai, as the New York-based asset management giant looks to add to its $3 billion of investments in… Read More>>
CPPIB Invests $375M In CapitaLand’s Latest China Property Fund And More Asia Real Estate Headlines
In the news on this day, Canada’s largest pension fund is putting more money in China after agreeing to invest in CapitaLand’s $1.5 billion Raffles City China Investment Partners III fund. Also of note, Anbang sees another US hotel deal… Read More>>
Wanda Plans $1B Sydney Project After Acquiring Harbourside Site from Blackstone
Dalian Wanda confirmed today that the Chinese property developer has acquired a pair of properties near Sydney harbour, as part of a plan to build a $1 billion mixed-use complex in the Australian city.
The Beijing-based real estate company bought… Read More>>