China's Dalian Wanda to invest $1b in Sydney
Updated: 2015-01-26 13:56
(Agencies)
|
|||||||||||
|
Photo taken on Sept 28, 2013 shows the night view of the Wanda Plaza in Wuhan, Hubei province. [Photo/IC] |
China's biggest commercial property group Dalian Wanda Group said it plans to invest $1 billion in a major property development close to Sydney Harbour, its second major investment in Australia.
US private equity firm Blackstone Group said earlier that it has agreed to sell a prime Sydney office building to China's Dalian Wanda Group for about A$415 million ($327 million).
Related Stories
Wanda invests in football dreams 2015-01-23 08:04
Wanda's Atlectico stake will help branding in Europe 2015-01-22 15:06
Wanda lands 20% stake in Atletico Madrid 2015-01-22 07:33
Wanda Commercial to introduce 'asset-light' business model 2015-01-15 14:21
Wanda says four investors to put $3.9b into 20 new malls 2015-01-15 13:35
Today's Top News
Greek leftist leader Tsipras claims victory
Favorable visa policy to draw talent
German company counts on brand to lure top people
EU FMs to discuss Ukraine crisis
Expert: What Obama's India visit means to China
China to focus on reforms, opening of capital market
Li Ka-shing set to buy UK's O2
Saudi King Abdullah dies, succeeded by half-brother
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
CES: Spotlight on Chinese gadgets |
Yearender: What happened around the globe in 2014 |
National Memorial Day for Nanjing Massacre victims |
Corrupt female officials spark debate |
Blue skies ready to greet APEC |
Growth pangs |