| Goodman Group is in talks with Chinese interests for record-breaking sales of more than $800 million in development sites near the Sydney Olympic Park in Sydney's west. In what could be the largest development site sale in Australia, China's main sovereign wealth fund, China Investment Corporation has run the ruler over a large development site in Goodman's Carter Street industrial precinct earmarked for residential development by the NSW government. It is understood the price is about $660 million.
In another deal, Chinese-backed property developer JQZ, formerly Tong Group, is understood to be closing in on the acquisition of major site in the same precinct for more than $200 million. To date, the largest residential development sale in Australia was also a Goodman deal...............................................Full Article: Source
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