Macquarie Wanda Real Estate Fund (MWREF), a joint venture between Australia's Macquarie Group and Chinese property developer Dalian Wanda, last week closed the first cross-border CMBS involving properties located in Mainland China (ASR, 9/18/06).

Citigroup acted as sole bookrunner on the $145 million issue, called Dynasty Assets, which it jointly arranged with Macquarie Bank.

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