…in Hangzhou Fosun in court to battle SOHO over Bund project Shanghai-based Fosun International Ltd took three other real estate giants to court Thursday in a dispute over whether it had the right to be the first to purchase its partners’ stakes in a project to develop a 9.22 billion yuan ($1.48 billion) site on the Bund, local media reported. Fosun, which owns a 50 percent share in the project, argued that its fellow stakeholders, Hangzhou-based G…
Search Results for: fosun
SOHO Legal Dispute Delays Shanghai Bund Building – and more of Today’s China Real Estate Links | December 4, 2012
…rs – Fosun International (0656) and SOHO China (0410) – fight for control. Fosun filed a lawsuit in May against SOHO China and two other firms – Shanghai Zendai Property (0755) and Greentown China Holdings (3900). The three parties were alleged to have violated Fosun’s pre-emptive acquisition rights of the Bund plot. Shui On Markets Dollar Debt After Spreads Narrow for Second Week Shui On Land Ltd. (272) is marketing dollar-denominated bonds after…
Investment Risks – Chinese Tycoon Killed Flying Over New Vineyard – Today’s China Real Estate Links | December 23, 2013
…er. Fosun finalizes deal to acquire New York landmark Chinese conglomerate Fosun International finalized a deal on Dec. 18 to acquire the One Chase Manhattan Plaza in New York from JPMorgan Chase for US$725 million, according to the Beijing-based Securities Daily. The acquisition, made by Fosun International chairman Guo Guangchang, is being seen as the largest purchase and investment by a Chinese company in New York real estate. Cushman & Wakefie…
The New Chinese Law That Will Push Up US Real Estate Demand
…cquistion of properties in New York, Los Angeles, Melbourne and Sydney, or Fosun’s purchase of the Chase Manhattan building in New York. (Fosun’s $725 million buy of the One Chase Manhattan Plaza was just finalised on December 18th, and the company’s CEO indicated that the company intends to make more such acquistions). In an interview with the media in Hong Kong, Mao Tong, a partner at US law firm Squire Sanders, said: “The latest relaxation is q…
China’s Warren Buffett Buys European Insurer for $1.36B
…cked up Portuguese insurance firm Caixa Seguros e Saude this week for 1 billion euros ($1.36 billion), marking one of the biggest overseas investments in the finance sector to date by a Chinese investor. In a sign of China’s growing economic clout, Fosun bested U.S. buyout firm Apollo Management International LLP to acquire the insurance arm of Portugal state bank Caixa Geral de Depositos SA, according to a statement on Thursday by Fosun Internati…
China Real Estate People in the News 2014-01-27
…tive Director of Fosun Office Asset Management and Chief Representative of Fosun Overseas Commercial Projects. Lok is a long-term real estate executive who served most recently as National Senior Director of Landlord Project Services at CBRE China. Fosun has been expanding aggressively recently both domestically, where it is undertaking a RMB 100 million tourism initiative and internationally. Karine Lee has now joined Forterra Trust, the real est…
China Real Estate People in the News 2014-08-04
…sed in Shanghai as a General Manager with Siemens. David Lu has now joined Fosun as Managing Director of Marketing and Leasing for the Chinese investment conglomerate’s new logistics real estate investment fund. Lu, is now based in Fosun’s offices in Shanghai’s Huangpu district, after joining the company from state-run business park developer Shanghai Caohejing Hi-tech Park Development Corporation, where he had spent more than seven years in busin…
China Real Estate People in the News 2015-05-04
…Overseas with Fosun Property Holdings, based in Shanghai. Qin, who joined Fosun one year ago moves up from her previous role of Associate Director with the Shanghai-based real estate investment firm’s internationally focused wing. Prior to joining Fosun, Qin worked with British retailer TESCO in China. Vera Lu has moved up to become Chief Operating Officer with Shanghai Longtime Property Management Co, Ltd. Lu’s latest position comes after servin…
China Real Estate News Around the Web 2015-09-22
…today: Fosun Bids for $1 Bil Condo Project in Sydney Chinese conglomerate Fosun International has emerged as one of the parties trying to buy an office tower on Sydney’s Elizabeth Street, which could yield a $1 billion apartment project. Fosun has made an offer to buy 201 Elizabeth Street at the southern end of the city, property executives said, with its fate in the hands of owners Dexus Property Group and the Perth-based Perron Group. Read mo…
Taiwan’s Shin Kong in £140M London Deal and More China Real Estate Headlines 2015-11-12
…9 Mil Shanghai Yuyuan Tourist Mart, which is 26% owned by Guo Guangchang’s Fosun, plans to buy Japan ski resort Tomamu for $149 million, the Shanghai-listed company said in a statement today. The Tomamu deal was to close today, with Yuyuan making a $15 million down payment, according to the statement. Fosun has targeted growth in China consumer spending with other investments such as Club Med and Cirque de Soleil. Read more>> Country Garden Planni…
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