Arab Today, arab today chinas dalian wanda buys sydney harbour property
Last Updated : GMT 08:56:06
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China's Dalian Wanda buys Sydney Harbour property

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Arab Today, arab today China's Dalian Wanda buys Sydney Harbour property

China's Dalian Wanda Group
Beijing - XINHUA

Australian private equity group Blackstone has sold a piece of real estate overlooking the landmark Sydney Harbour Bridge and the Sydney Opera House for 415 million Australian dollars (327 million U.S. dollars) to Chinese property giant Dalian Wanda Group.
Dalian bought Gold Fields House in the city's business district from Blackstone's portfolio company, Valad.
Gold Fields House had been owned by Blackstone since 2011 when it bought up the interests of Australian property group Valad, its first major Australian acquisition. The property was built in the 1960s and has been used as offices.
"Gold Fields House is one of the most significant investments acquired in the Valad portfolio and is a great example of Valad's capability to reposition assets to achieve their full potential," Chris Heady, Blackstone's Head of Real Estate Asia, said in a statement on Tuesday.

 

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