Real Estate Check-Out Time in China


China’s second-richest man is going asset-lite, offloading some of his real estate holdings. Perhaps you should too.

Sunac China Holdings Ltd. agreed Monday to buy hotels, land and projects from Dalian Wanda Group Co., the sprawling conglomerate controlled by billionaire Wang Jianlin.

In an interview with Caixin, Wang said he wants to position Wanda so that its brand name and management expertise is leased out to other commercial property investors, not unlike what Donald Trump has done with his real-estate empire. Wanda plans to use proceeds from the record $9.3 billion sale to deleverage, and should be able to pay back most of its bank loans by the end of the year…

Real Estate Check-Out Time in China

Categories : Real Estate

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