Macquarie University has sold the site to a new Chinese entrant for $80 million... Australian dollar falls...
Chinese developer secures $80m Sydney land deal
Macquarie University has sold the site to a new Chinese entrant for $80 million.
China Overseas Holdings Limited, a Hong Kong-listed Chinese developer, has purchased an $80 million residential development site from Macquarie University, according to an article in the Australian Financial Review.
The group is the subsidiary of one of the largest construction companies in the world, the $43 billion China State Construction Engineering Corporation and its developments span across the world, including Macau, Hong Kong, mainland China and London.
The site is called the "Parklands" property and includes four older-styled strata apartment buildings which are set to be replaced with a possible 280 new apartments.
6 powerful marketing videos to kick-start business in 2016
Australian dollar falls
The Australian dollar dropped after strong US jobs figures have raised expectations the US Federal Reserve will lift its interest rate again, The Australian reports.
At 6.30am (AEDT), the local unit was trading at US69.63c, down from US70.51c on Friday.
The US economy created 292,000 jobs in December, easily exceeding expectation of a rise of 200,000.
Loan scenarios on the stranger side in 2015
Macquarie University has sold the site to a new Chinese entrant for $80 million.
China Overseas Holdings Limited, a Hong Kong-listed Chinese developer, has purchased an $80 million residential development site from Macquarie University, according to an article in the Australian Financial Review.
The group is the subsidiary of one of the largest construction companies in the world, the $43 billion China State Construction Engineering Corporation and its developments span across the world, including Macau, Hong Kong, mainland China and London.
The site is called the "Parklands" property and includes four older-styled strata apartment buildings which are set to be replaced with a possible 280 new apartments.
6 powerful marketing videos to kick-start business in 2016
Australian dollar falls
The Australian dollar dropped after strong US jobs figures have raised expectations the US Federal Reserve will lift its interest rate again, The Australian reports.
At 6.30am (AEDT), the local unit was trading at US69.63c, down from US70.51c on Friday.
The US economy created 292,000 jobs in December, easily exceeding expectation of a rise of 200,000.
Loan scenarios on the stranger side in 2015
