…mmodate more than 200,000 square feet (18,600 square metres), according to Fosun. Fosun’s acquitions did not stop with its purchase of the New York landmark either. In just over a year since its New York deal, Fosun has continued its buying spree by joining a deal for a $9.3 billion seaside development project in Athens, Greece, acquiring two office towers in Tokyo and financing the purchase of the Lloyds Chambers building in London. The investmen…
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Fosun Acquires Sydney Office Building for $93M as Chinese Catch Oz Fever
…number two position globally for real estate investment by Chinese firms. Fosun Joins With Aussie Real Estate Firm for Deal For its Sydney deal Fosun teamed up with local Australian property investment and asset management company, Propertylink, to purchase the eleven-storey building from Morgan Stanley subsidiary Investa Property Group. 73 Miller Street has a net lettable area of 14,672 square metres (157,928 square feet) and is 100 percent leas…
Fosun Said Shortlisting 50 Hotels in Global Investment Drive
…ros ($533.7 million), is backed by money from Portuguese insurers owned by Fosun, he said. Fosun has been in the hotel and tourism sector since 2002, but only has begun to go international with its hospitality ambitions much more recently Grosvenor House First on the List? One of the hotel assets that could be near the top of Fosun’s short-list is London’s Grosvenor House, which is currently on the market for ₤500 million ($762 million). Guo’s fir…
Fosun Returns to UK Market with $426M Deal for London Office Complex
…asset in November, 2014 for £85.3m and now owns the property outright. Is Fosun Back in Acquisition Mode? is Fosun boss Guo Guangchang back in the game? Should Fosun be able to finalise this sale, it could signal a return to the cross-border acquisition business for one of China’s most active investors. In addition to buying Lloyd’s Chambers in London for £64.5 million in 2013, Fosun has bought properties in Australia, Italy and the US, including…
Fosun Selling Stakes in Four Industrial Companies to Steel Giant Jianlong for $980M
…, according to an estimate by Moody’s Investors Service. Guo Guangchang of Fosun (Getty Images) Moody’s in October downgraded Fosun and gave the group a negative outlook as a final rating action before the conglomerate cut ties with the agency. Notorious for its busted bets on faded brands like Club Med and Thomas Cook, Fosun has sought to trim its overstretched holdings and refocus on core investments. The group told analysts in October that it p…
Fosun Pays US$725 Mil for Chase Manhattan Building and the Big Buyer Trophy
…occupied by approximately 4000 JP Morgan Chase employees. Just last week, Fosun had announced plans for developing a RMB 10 billion resort in China’s Hainan province. Fosun Joins a Wave of Chinese Investment in the US Just two weeks ago, Greenland Group of Shanghai, which compete’s with Fosun subsidiary Forte in China’s real estate markets, announced that it was taking a 70 percent stake in the Atlantic Yards development in Brooklyn, a project wh…
Fosun Group and Prudential Financial Plan Real Estate Joint Venture in China
…in China, drawing from our shared investment philosophy.” In 2011, PFI and Fosun launched the $600 million Pramerica-Fosun China Opportunity Fund with a $500 million commitment from PFI, the single largest investment in a third-party management corporation in PFI’s 138-year history. Pramerica Fosun Life Insurance Company Ltd., the companies’ 50/50 life insurance joint venture, commenced operations in Shanghai in 2012. PFI also made a commitment, a…
Fosun Moves Closer to Acquiring $1.26 Bil Greek Site
…, which is providing opportunities for cash-rich Chinese investors such as Fosun. Fosun Already Familiar with Greek Assets The acquisition of the former airport site would be the second major Greek investment by Fosun, which is already the second-biggest shareholder of Greek fashion retailer Folli Follie. The company, which is directed by Chinese billionaire Guo Guangchang, has been among China’s most active and diversified international investors…
Fosun Said to Be Seeking London’s $762M Grosvenor House Hotel
…n Jiang Group acquired France’s Louvre Hotel chain for over $1.49 billion. Fosun Building Its International Property Portfolio Fosun reportedly bid $400 million for Grosvenor House last year, while it was still controlled by Sahara, and the company has continued to expand its roster of global real estate assets since then. While Fosun was said not to respond to questions from Bloomberg about a current bid by Fosun for the property, the investment…
Fosun Acquires London’s Royal Exchange for £45M
…n 2016, Resolution Property Investment Management, a joint venture between Fosun and Resolution spent almost GBP 300 million acquiring Thomas More Square in March 2016. According to its interim report released last month Fosun’s real estate funds and asset management platforms managed some RMB 90.1 billion at end June, up from RMB 88.7 billion at end 2017. These include Resolution Property Investment Management LLP along with Japanese real estate…
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