Beijing Capital Land, a major Chinese state-owned real estate firm, claims it is owed more than $1.4 billion by failed Sydney developer Dyldam, which collapsed four years ago leaving a trail of debt and unlivable homes.
Beijing Capital Land is owned by Beijing’s municipal government, and was a big financier of Dyldam, owned by the Fayad family.
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Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
