In China, real estate developer Dalian Wanda Group (513 Wanda Plaza malls covering 70.9 million sq.m) is selling 48 shopping centres in a US$6.94 billion deal. The buyer is a joint venture led by Hong Kong investment company PAG and including Tencent, Sunshine Life Insurance, Taikang Life and a subsidiary of e-commerce company JD.com. In doing so, Dalian Wanda is seeking to secure financing in an increasingly complex real estate market. While the documents have been filed with the state...
China’s Wanda sells 48 malls in mega deal
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