China’s Dalian Wanda Commercial Properties Co Ltd said on Monday one of its largest shareholders intends to approve the developer’s Hong Kong delisting proposal, Reuters reports. In a stock exchange filing, Wanda Commercial said China Life Insurance Co Ltd – which owns around 7.4% of its Hong Kong shares – has sent a letter of […]
Category: Property
Developer China Vanke said on Thursday it and its partners have sealed a $1.9 billion deal with Blackstone Group and third parties, with itself putting in 3.89 billion yuan ($583.02 million) to buy their property firms, Reuters reports. The deal was first made public last Tuesday, when Vanke disclosed it was in talks after its […]
Looking South
The Financial Times reports that a Chinese company will invest £220m in Sheffield in what the council says is the largest property deal outside London by a Chinese developer. Sichuan Guodong Construction will spend the money on up to five projects in the city centre over the next three years. It is part of a […]
Property prices in large Chinese cities grew in more locations last month compared to a year earlier, with prices in higher-tier cities again leading the charge upwards – but fewer saw month-on-month prices rise compared to May. The Financial Times reports annualized prices for new residential homes rose in 57 out of 70 cities surveyed. […]