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Business / Industries

Chinese investment surges in Canadian commercial real estate

(Xinhua) Updated: 2015-03-15 08:40

Related story: Chinese investor buys $52m villa in Canada, by chinadaily.com.cn, Zhang Jie

Chinese investment surges in Canadian commercial real estate

Studio room. [Photo/Xinhua]

A luxury mansion worth $51.8 million has been bought by a businessman from China whose name has not been revealed in one of the largest real-estate deals ever in British Columbia, Canada, Xinhua News said on Thursday.

This 25,000-feet mansion at 4785 Drummond Drive with manicured gardens, flowing waterfalls and winding pathways lead to expansive lawns, a grass tennis court, sports court, a separate guest house and self-contained studio with office and private quarters in an area spread over 1.09 hectares in prestigious West Point Grey, a luxury residential complex in Vancouver.

The mansion is known to be a vacation home for Don Mattrick, the CEO of Zynga, a provider of social game services.

According to Xinhua, the new owner has an investment company in Vancouver, and closed the deal in Dec without involvement of a property agency.

Last year, the mansion was listed on Malcolm Hasman, a property agency. It declined to answer details about the mansion.

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