BEIJING, Feb 10 (Xinhuanet): Chinese investment in British real estate has increased remarkably and will continue in the coming years, industry insiders say.
Dalian Wanda Group, one of China's largest and most ambitious conglomerates, plans to invest up to 3 billion pounds (US$4.97 billion) in regeneration projects in Britain.
British Prime Minister David Cameron announced the investment on January 24 after meeting Dalian Wanda chairman Wang Jianlin at the World Economic Forum in Davos, Switzerland.
"When I met Chairman Wang Jianlin during my recent trade visit to China, I encouraged him to make further investment in Britain. So I'm delighted that Wanda has decided to invest 2 to 3 billion pounds in regeneration projects," Cameron said.
"This will help to create jobs in Britain and it's a great example of how we can benefit from foreign investment."
This latest plan shows Chinese companies are entering the country's real estate market enthusiastically.
In London on January 7, Greenland Holding Group, a Shanghai-based and State-owned developer, announced an investment of 1.2 billion pounds in two overseas development projects.
It signed a contract with Minerva, the property investment and development group bought by clients of Ares Management LLC and AMC Delancey Group Inc in 2011, to buy the Ram Brewery development site in the Wandsworth area of London.
Chinese investment in UK real estate sector on rise
FE Team | Published: February 11, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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