Dalian Wanda Offers $1.6B For Hotel, James Bond Yacht Co.

Law360, New York (June 19, 2013, 2:51 PM EDT) -- Chinese property developer Dalian Wanda Group Co. Ltd. on Wednesday unveiled plans for £1.2 billion ($1.6 billion) in U.K. investments, including a luxury hotel property and the company that makes yachts used in James Bond movies, as it pushes an international expansion effort.

Under the deal's terms, Dalian Wanda will pay £700 million to build up a five-star hotel and apartment complex it said will be an instant landmark when it opens. The 1.1-million-square-foot property is set to be the first upscale hotel opened by a...
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