Dalian Wanda is investing $1bn in Sydney property
January 26 , 2015
Dalian Wanda, the Chinese property giant, is investing $1 billion in an area close to Sydney Harbour.
Blackstone, the US equity firm, said it was selling an office building in Sydney to the group for $327 million.
Gold Fields House is located in Sydney’s prime business district, overlooking the Sydney Harbour.
The company plans to construct a luxury hotel along with retail and residential units in the area, reports said.