…(at least it appears to have been a surprise to the principals at SOHO) , Fosun announced the next day that the terms of its agreements for the development give it right of first-refusal on any sales of shares in the project. From a Reuters report on the 30th, In a filing to the Hong Kong stock exchange on Friday, Guo Guangchang, chairman of privately controlled Fosun, said the company was “surprised in relation to the proposed arrangements” as s…
Search Results for: fosun
Fosun Bids on $1.25B Greece Project and Shanghai’s FTZ Hosts M&A Deal
…rst international acquisition made through Shanghai’s new free trade zone. Fosun in Bid for $1.25 Billion Greek Project Leading Chinese investment firm, Fosun is part of a group bidding to redevelop the site of Athens former airport at Hellenikon. The Euro 915 million ($1.26 billion) bid was made recently in partnership with Greece’s Lamda Development, and sources close to the deal expect it to be approved by local authorities. Read More>> Xian Da…
Fosun NYC Project Blocked by Local Regulators and More Asia Real Estate Headlines
…e stories and much more await you just a few lines further down this page. Fosun NY Project Blocked by Local Regulators The Department of Buildings ordered a halt to construction work at JD Carlisle and Fosun Group’s 15 East 30th Street, a condominium development that drew the ire of its neighbors by using a zoning loophole to raise its height by 155 feet. The DOB issued the order over an outdoor space on the second floor, which didn’t meet the re…
URWork To Land in Fosun’s 28 Liberty in Manhattan
…h specializes in premium workspaces with corporate users forming half its client base, has six locations and plans to open 10 more during this year. The agreement with URWork is in keeping with the startup’s taste for joint ventures and franchise deals to enable to fast growth. Fosun’s real estate arm bought the building housing URWork’s new space, then called One Chase Manhattan Plaza, in October 2013 for $725 million. Fosun then extensively reno…
Fosun Opens $1.7B Atlantis Sanya Resort and More Asia Real Estate Headlines
…Logos doing its own fund raising. Read on for all these stories and more. Fosun Opens $1.7B Atlantis Sanya Resort China’s Fosun International Ltd (0656.HK) on Saturday launched its Atlantis Sanya luxury resort in a $1.74 billion bet that the sail-shaped development will become an icon in Hainan – China’s Hawaii – and a beacon to both domestic and foreign tourists. The conglomerate’s 11 billion yuan ($1.74 billion) investment in China’s southernmo…
Fosun Making Buyout Attempt for German Fashion Brand and More Asia Real Estate Headlines
…ories and more in our daily roundup of top stories from around the region. Fosun Making Buyout Offer for Germany’s Tom Tailor Fosun International will take 3.85 million newly issued shares of German clothier Tom Tailor for EUR 2.26 ($2.56) per share – a 4.82 percent premium over the market rate – for EUR 8.7 million in total. It will also offer a voluntary public takeover bid to its shareholders to acquire all equities not directly held, the Shang…
Fosun Set to Lose 20% Cirque du Soleil Stake and More Asia Real Estate Headlines
…o dump luxury properties in the world’s most expensive real estate market. Fosun to Lose 20% Stake in Cirque du Soleil as Creditors Take Over Fosun International Ltd. is poised to lose its 20% stake in Cirque du Soleil Entertainment Group, the latest in a series of failed overseas deals for the Shanghai-based insurance, health care and tourism conglomerate. A consortium of Montreal-based Cirque du Soleil creditors is set to take control of the str…
Fosun Says Would Have Bought 50% Stake in Bund Project at SOHO’s Price – and more of Today’s China Real Estate Links | June 5, 2012
…up CEO: Would Have Bought 50% Stake in Project at Soho China’s Offer Price Fosun Group would have acquired the remaining 50% stake of a disputed land project in Shanghai at the price rival Soho China Ltd. (0410.HK) paid to secure the investment from two former shareholders of the project, Fosun’s chief executive, Liang Xinjun, said Monday. In an interview with Dow Jones Newswires, Mr. Liang said the Shanghai-based Chinese conglomerate’s rights to…
RMB 10 Bil Hainan Resort to Lead Fosun’s China Tourism Foray
…n in China tourism projects in the years to come. For the Atlantis resort, Fosun will partner with the builder of the Dubai version, South Africa’s Kerzner International Holdings Ltd, which initially gained fame through its Sun City casino project in its home market. In recent years Fosun has sought to diversify away from its roots in residential real estate development, buying stakes in France’s Club Med and fashion brand Folli Follie. The compan…
Fosun Plans 5 New Mainland Club Meds Each Year and More China Real Estate Headlines 2015-12-09
…and curates the day’s biggest stories for you. Here’s what we found today: Fosun Plans 5 New Mainland Ski Resorts Each Year in Club Med Expansion Club Mediterranee, the French holiday group controlled by Chinese conglomerate Fosun, is poised to expand aggressively in China as more well-heeled workers look for some fun in the sun and snow. With three resorts up and running and three more being built on the mainland, the global leader in all-inclusi…
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