The years between 2013 and 2017 in the global commercial real estate market were, in large part, defined by the waves of capital pouring into the world’s gateway cities from China. When Chinese real estate firms placed billions in huge bets on trophy office assets and luxury residential developments in London, New York, Los Angeles and San Francisco, it wasn’t just a big deal for real estate. It was a sign that China’s huge economy was beginning to mature, exporting wealth around the globe and diversifying beyond its own borders. 
Buying and building chunks of the world’s biggest cities was a way of establishing physical roots abroad. When ABP, a private developer owned by founder Xu Weiping and his daughter, Nancy Xu, signed a deal to build a 4.7M SF…  Read the full story here. | 
