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CIC vies for office complex in London (4)

By Hu Yuanyuan  (China Daily)

08:38, December 26, 2012

Wanda Group, the country's largest commercial property developer, has revealed it plans to invest $10 billion in the US over the next decade, particularly in hotels, retail and commercial property.

And China Vanke Co Ltd, China's largest property developer by market value, has just set up a team to promote its business in the US.

"Compared with international competitors, Chinese property investors are sometimes a bit slow in the decision-making process, and as a result have missed out on some good prospects," said Zhang at Cushman & Wakefield.

"In some cases they are still unfamiliar with the legal and investment environment in target countries, but generally I think they are still a bit conservative."


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