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Wanda Puts Two U.S. Real Estate Projects Up for Sale

Sites are last two global properties Wanda holds after sales
Wanda’s decade-long global expansion halted by China crackdown

The Dalian Wanda Group Co. logo is displayed at an event in Los Angeles, California, U.S., on Monday, Oct. 17, 2016. Billionaire Wang Jianlin unveiled subsidies worth more than $150 million a year to lure film makers to his new studio complex in China's coastal city of Qingdao.Photographer: Patrick T. Fallon/Bloomberg

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By Bloomberg News

January 30, 2018 at 5:21 AM UTC

Updated on

January 30, 2018 at 7:13 AM UTC

This article is for subscribers only.

Chinese billionaire Wang Jianlin’s Dalian Wanda Group Co. has put its last two overseas property developments up for sale, according to people familiar with the matter, in the latest unwinding of a decade-long overseas buying spree that put it in the cross-hairs of Chinese regulators.

Wanda is seeking buyers for a hotel, office and apartment complex in Chicago and a development in Beverly Hills, California, said the people, who asked not to be identified because discussions are private. Wanda hasn’t made a final decision to sell the projects, and could opt to keep them, one of the people said. Wanda has estimated that its combined investment costs in the projects is $2.1 billion.