According to the article, several large developers in China-Greenland Holding Group, Ping An Trust and other investors-spent1.71.40 billion US dollars (about1.1.40 billion RMB) last month to acquire this land in the San Francisco Bay Area.
The new owner of this land is planning to invest more than 654.38 billion US dollars (about 6.7 billion RMB) to develop and build a biotechnology company. Biotechnology is a thriving industry in this field. Song, the general manager of this joint venture, said that they are very confident in the local market, especially the market.
According to the article, in the past three years, China investors have continuously invested a lot of money in some remarkable development projects in the United States. Other big cities in the United States, such as new york, Boston, Chicago, Los Angeles and Miami, have projects under construction or under planning.
Executives of some American real estate companies said that as the confidence of development companies in China's domestic real estate market gradually weakened, they sought to diversify their business overseas, so the funds invested by China real estate development companies in American commercial real estate continued to increase.
According to the data of Real Capital Analysis Company, a real estate market research and consulting company, in the first half of 20 16, the acquisition transactions of American commercial real estate projects completed by China enterprises increased by 19% compared with the same period of last year, and the transaction volume increased to $5 billion. Including the unfinished contract transactions, the transaction amount of China Company so far this year has reached $654.38+0.29 billion, which is close to the transaction amount of $654.38+0.4 billion last year. According to the analysis of Real Capital, the growth rate seems to have slowed down this year, in view of the fact that China's acquisition of commercial real estate projects in the United States was only $3.4 billion in 20 14.
According to the article, China's investment projects include office buildings and hotels. For example, China Life Group acquired the office building at No.0/285 American Avenue in Manhattan, and Anbang Insurance Group spent $6.5 billion to acquire strategic hotels and resorts companies in the United States. Anbang Group also tried to acquire Starwood Hotels & Resorts International Group for $654.38+04 billion, but later abandoned the deal.
For those real estate developers who have invested abroad, new real estate development projects in the United States are the focus of investment, because compared with buying second-hand real estate, developing new projects is risky, but the return is much higher.
In this regard, stephen collins, who is in charge of the global capital market business of real estate and capital management company Jones Lang LaSalle, said: "Most China investors are looking for development opportunities." He said that China companies have experience in domestic development, and they are convinced that buying land to build new office buildings and then selling them can make more money than buying second-hand office buildings.
According to the article, at present, the projects in which China Company holds or partially owns the equity include the construction of the third tallest building in Chicago and the second tallest building in San Francisco, as well as the large-scale multifunctional project in downtown Los Angeles and the project planned by China developer gemdale to build a skyscraper in downtown Boston.
Earlier this month, China Shanghai Urban Investment Co., Ltd. said that it would jointly develop the Central Park Building with Exeter Real Estate Development Company of new york for $3 billion. This skyscraper will be 300 feet (about 9 1 m) higher than the Empire State Building, making it the tallest residential building in the United States.
The article said that for all these projects, the biggest risk is time. The United States has a seven-year economic growth cycle, which makes many people wonder how long this good situation can last. The high-end apartment market in Manhattan is the focus of attention. China enterprises have provided funds for many buildings under construction in Manhattan. Although sales in the real estate market have begun to slow down, people are generally worried about the housing surplus.
The largest China real estate development company invested and developed in the United States is Greenland Group. The group is building a metropolis project in downtown Los Angeles, with an investment of 654.38 billion US dollars. Greenland Group also owns 70% of the $6 billion apartment project in Brooklyn, new york.
In the middle of 20 14, the senior management of Greenland group predicted that its company's acquisition transaction would double within one year, saying that the company had considered several projects in the United States. But as a result, the company is not as active as expected: the acquisition of the San Francisco Bay project for the construction of a biotechnology center is the company's first investment transaction in the United States since the middle of 20 14.
Greenland Group and its partners plan to start the first phase of the project with a development area of 500,000 square feet after the infrastructure of South San Francisco is completed in the middle of 20 18.
(The above answers were published on 20 16-09-02. Please refer to the current actual purchase policy. )
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