Dalian Wanda eyes $5bn UK investments

Chinese property developer Dalian Wanda will invest as much as US$5 billion in UK developments, company chairman Wang Jianlin and British Prime Minister David Cameron announced on Saturday, Bloomberg reported. The main part of the US$5 billion investment will go to cultural and travel developments but no details were provided. Dalian Wanda has already invested US$1.64 billion in Sunseeker International, a British yacht-maker, and a London site to build the tallest residential tower in western Europe.