Trans Link: Development Co and Majority Owner

trans link: In Vancouver, the largest acquisition was the purchase of a downtown office portfolio last year by Beijing-based Anbang Insurance Group for close to 1 billion, according to Vancouver Courier. China-based investors have also bought land for joint venture real estate development. According to global property service firm Jones Lang LaSalle JLL China's outbound commercial real estate investment increased 53 per cent to US 33 billion in 2016 from a year earlier. A recent deal includes Trans Link's 13.8-acre former bus depot on West 41st Avenue, Vancouver, where China's Modern Green Development Co. is now the majority owner. In January it was ruled that all buyers of foreign exchange must sign a pledge that they won't use their 50,000 quotas for offshore property investment. But on Dec. 31, the People's Bank of China and the State Administration of Foreign Exchange SAFE began an aggressive intervention in the market to curb capital outflows. (www.immigrantscanada.com). As reported in the news.