Search Results for: fosun

Fosun Buys Second Tokyo Office Tower Within Five Months

Shinagawa Seaside Park Tower in Tokyo

Shanghai-based Fosun International has purchased a 23-storey office building in Tokyo, its second major real estate acquisition in Japan's capital city in the last five months.According to a story in the Wall Street Journal, the Chinese conglomerate acquired the Shinagawa Seaside Park Tower … [Read more...]

Fosun Raising A Fund to Invest Globally

Fosun CEO Liang Xinjun

Last week I let Mingtiandi's readers know that I would be having lunch with Fosun's CEO Liang Xinjun, and I apologise for not updating you sooner on what this China business mogul had to say.The reason that I didn't feel a rush to update you on my little talk with one of China's real estate … [Read more...]

Fosun Acquires Sydney Office Building for $93M as Chinese Catch Oz Fever

Fosun Sydney

Fosun Property, the real estate arm of China's largest privately-held investment conglomerate announced today that it had acquired an office block in Sydney, Australia for A$116.5 million ($93 million).The Shanghai-based property investment company will add 73 Miller Street in North Sydney to … [Read more...]

Fosun Rebrands One Chase Manhattan Plaza as 28 Liberty

28 Liberty Fosun

Fosun Property Holdings, has announced that it has renamed its One Chase Manhattan Plaza as “28 Liberty,” as the real estate arm of one of China's largest investment conglomerates steps up marketing for the landmark building it acquired in 2013.According to a statement from Fosun, it is now … [Read more...]

Fosun Moves Closer to Acquiring $1.26 Bil Greek Site

Athens Hellenikon airport

Chinese investment conglomerate Fosun International has apparently locked up a deal to acquire a 620-hectare seaside site in Athens for a Euros 915 million ($1.26 billion) real estate project.According to a report by Reuters, Fosun, together with Greek partner Lamda Development and Abu Dhabi … [Read more...]

Fosun Group and Prudential Financial Plan Real Estate Joint Venture in China

Mark Grier and Fosun

Chinese investment firm Fosun Group and Prudential Financial, Inc. (PFI) from the US, today announced plans for a real estate joint venture to invest in mixed-use development projects in China, and in select overseas locations.The two companies refrained from stating dollar amounts or location … [Read more...]

Court Battle Reveals SOHO Strategy for Acquiring Bund Project

Fosun Chairman Guo Guanchang

Since going to court in Shanghai, the lawsuit filed by Chinese developer Fosun, against its Beijing-based competitor SOHO China, has revealed the approach by which SOHO has been able to buy into the controversial Bund Financial Centre project in Shanghai.On Dec 29, 2011, SOHO China announced … [Read more...]

Fosun Pays US$725 Mil for Chase Manhattan Building and the Big Buyer Trophy

1 Chase Manhattan Plaza

Fosun International Ltd became the latest Chinese company to acquire a US trophy asset last week when it agreed to purchase 1 Chase Manhattan Plaza from JP Morgan Chase for US$725 million.With the acquisition the closely-held Shanghai firm now holds the most expensive real estate trophy asset of … [Read more...]

Fosun to Raise $668M from Share Sale to Pursue Its Buffett Strategy

Fosun chairman Guo Guangchang

Diversified Chinese investment conglomerate Fosun International announced last week that it is organising a share sale to raise up to $668 million to help pursue its goal of becoming the Berkshire Hathaway of Asia.According to a story in the Wall Street Journal, Fosun, which invests in … [Read more...]

China’s Fosun Confident It Has Cash to Buy Portuguese Insurer

Fosun CEO Liang Xinjun

Chinese conglomerate Fosun International Ltd (0656.HK), which is rapidly becoming one of China's leading global investors, today reassured investors that it has adequate cash to finance its proposed 1 billion euro purchase of Portuguese insurer Caixa Seguros e Saude.The company also indicated … [Read more...]