The great Chinese market wrecker turns to A-REITS

Thursday, 1 December 2016

The Aussie realty-corrupted press jabbers on today, at The Australian:

Chinese buyers are still coming to the Victorian capital as the mystery buyer of former Toll Holdings chief Paul Little’s $60 million Docklands twin towers development has been revealed as Shanghai-based Mid-Universe.

The Chinese company owns 100 per cent of South Wharf Towers, the Australian company that bought 85-93 Lorimer Street from Mr Little in April.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.