Greenland’s investment marks the beginning of a new wave of shopping spree. Last year, it branched out into the U.S. and Australia. The company aims to generate up to 25 percent of revenue from overseas as it seeks to diversify from the volatile home market, according to David Green-Morgan, global capital markets research director at Jones Lang LaSalle. It is also looking at places like Canada, France and Singapore other than London, where prominent Chinese developers including Dalian Wanda Group and Chinese institutions such as Ping An Insurance have already invested.
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