The Toronto-based asset manager is looking for a loan of up to US$1 billion to buy three office towers and a retail mall from Greenland Hong Kong Holdings. The latter’s stock has stopped trading pending a “notifiable transaction.” (Bloomberg)
Skip to content
The Toronto-based asset manager is looking for a loan of up to US$1 billion to buy three office towers and a retail mall from Greenland Hong Kong Holdings. The latter’s stock has stopped trading pending a “notifiable transaction.” (Bloomberg)
Talking point: If the deal goes through, it would be one of the largest commercial property deals from a foreign company ever permitted in China. In March, China passed a law easing restrictions on foreign companies doing business in the country. While China and the U.S. are in the midst of a trade war, Canadian firms have an opportunity to take advantage of those conditions to get in on the booming Shanghai real estate market. According to a survey of investors from CBRE, the city is the top cross-border property destination in the world right now.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Commentary
Carmichael: Canada’s biggest companies aren’t wired for growth. That’s a problem for us all
Briefing
Stellantis considering selling Ontario factory, union says
Intellectual property from failed New Brunswick nuclear developer sold to Ontario’s Nuclea Energy
Drone maker Volatus reports revenue dip as it struggles with its supply chains
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
