Dalian Wanda ascertain interest in its property "from time to time"

Staff reporterNovember 21, 20170 min read

Chinese property and entertainment giant Dalian Wanda have said from time to time they ascertain interest in its property projects. But they deny this week's report by the South China Morning Post that Wanda were offering to sell five of its biggest overseas properties in the UK, US and Australia.

Wanda suggested that they were "approached by third parties from time to time" in a statement posted to the Hong Kong stock exchange.

“Following the recent changes in some directors of the Company, the Company is undertaking a strategic review of its property projects and will consider any business opportunities which can create value for shareholders,” the statement read.

They were supposedly seeking a single buyer who would stump up $6.6 billion (US$5 billion).

In August the group had to come out and deny rumours they were selling their Gold Coast and Sydney projects, which comprise $2 billion of the $6.6 billion portfolio.

They rubbished the rumours a day before they restructured their Australian projects, selling them to a private entity controlled by the company's founder, Wang Jianlin

Last month they started marketing One Circular Quay, their Sydney project overlooking the harbour (above).

Their Gold Coast project (below) is yet to be marketed.



Staff reporter

Wanda Group
Dalian Wanda
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