China’s Dalian Wanda drops purchase of Nine Elms Square in London
After Beijing clampdown on overseas investment, site is sold, with permission for 1,900 flats, to unidentified buyer
Dalian Wanda
‘It’s an insult’: Chinese property developers race to the top of London’s skyline
Giant luxury towers (with their own karaoke rooms) to spring up around the city as eastern investors look to Britain. But residents fear deals will force them out
Luxury yacht-maker Sunseeker acquired by the largest Chinese property group
“Wanda’s acquisition of Sunseeker is strategic.” Although the private yachting market is in its early stages in China, this industry is growing rapidly. China’s consumption has been growing, with an exceptionally strong appetite in the luxury market. In 2012 China surpassed Japan as the world’s largest luxury market and by 2015 McKinsey & Co. predicts … Read more