Dalian Wanda has no plans to sell Australian assets

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China's Dalian Wanda Group on Tuesday said that media reports about it fielding offers to sell two real-estate projects in Australia were "completely false".

John Wei, managing director of Dalian Wanda's Australian arm Wanda One Sydney, saying that the reports emerged from a story published by local Australian media on Tuesday were categorically false.

"The report from the Australian Financial Review that says that Wanda is going to sell two projects, which are Gold Coast and Sydney projects, it is completely false," Wei said.

China's Dalian Wanda Group on Tuesday said that media reports about it fielding offers to sell two real-estate projects in Australia were "completely false". /Reuters Photo

Wanda One Sydney currently has two major developments in the pipeline in Australia.

The One Circular Quay development with its 190 luxury apartments and five-star hotel is almost set to launch, while Jewel Towers in the popular tourist location of the Gold Coast is set to be completed within the next two years.

Wei is adamant that the Wanda Sydney projects had no issue with obtaining finance - either from its parent organization in China or through facilities being made available by local and international banks.

All operations are fully financed and running smoothly with development continuing as scheduled, he said.

Wei said that there should be no concerns from potential investors regarding Wanda's commitment to current and future development plans in Australia.

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