…dnesday, would “relieve his stress from work and facilitate his recovery,” Fosun said in an announcement. The change became effective last Wednesday. Fosun has emerged in recent years as an active partner for foreign companies looking to enter the China market. It has ties with Prudential and Carlyle in China. California’s outlet stores and malls fuel Chinese tourism boom Minutes after arriving by bus at an outlet mall in Cabazon, a dozen or so Ch…
Search Results for: fosun
Mingtiandi to Present at Juwai Developer Summit in Shanghai on Dec 3rd
…in May of this year. Immediately preceding Michael’s address, Gong Ping of Fosun will be speaking on the investment conglomerate’s real estate strategy. Fosun, which is led by billionaire Guo Guangchang, has made some of China’s best known property acquisitions, including the $725 million purchase of New York’s One Chase Manhattan Plaza (now renamed 28 Liberty) as well as making major deals in Milan, Sydney and Tokyo. Speaking immediately after Mi…
The Year in China Real Estate – Mingtiandi’s Biggest Stories of 2015
…llion purchase of a tower in Wheelock’s One Harbourgate complex. December: Fosun’s Guo Guangchang Taken Away for Questioning This month is not even half over, but already the story of Guo Guangchang being taken away by party authorities has attracted major traffic. In just a few days, “Fosun Chairman Guo Guangchang Said to Be Detained Amid Graft Sweep” has attracted more readers than most posts garner in a full month. Mingtiandi will continue to d…
Aussies Force Sale of Illicitly Bought Homes and More China Real Estate Headlines 2016-01-20
…ch existing rules that restrict them to buying new homes only. Read more>> Fosun and Starwood Eye Ascendas Hotel REIT Starwood Capital Group, the property investment firm, and Chinese billionaire Guo Guangchang’s Fosun International Ltd. are weighing bids for Ascendas Hospitality Trust, people with knowledge of the matter said. Starwood Capital, which manages about $45 billion of assets, and Fosun are studying the Singapore-based hotel owner and c…
Hotel Investment Conference Kicks Off in Shanghai This Week
…als by Chinese hospitality firms, property developers and other investors. Fosun Managing Director Andrew Xu will address conference participants about the motivations and rewards for Chinese investors heading overseas. Shanghai-based Fosun invested nearly $800 million last year to acquire France’s Club Med, in one of the largest leisure operation acquisitions to date by a mainland firm. The conference, which is organised by hotel and hospitality…
Asia Real Estate Professionals in the News 2016-08-01
…es on his new role with the property investment and management platform of Fosun Group after spending just under one year as a Deputy Director with Forte Capital, the investment wing of Fosun’s real estate development subsidiary, Forte Group. The graduate of National University of Singapore also has experience in Shanghai with Australia’s Lendlease group. Bill Yi has joined the Economic Development Bureau in Kunshan’s Zhangpu township as Deputy Pa…
Country Garden Sells $600M in Offshore Bonds and More Asia Real Estate Headlines
…made the Chinese company the world’s largest cinema operator. Read more>> Fosun Seeking $800M in Financing for 28 Liberty in NYC Fosun International is seeking $800 million in floating rate financing for the fee simple interest it owns at 28 Liberty Street, a source with knowledge of the request told Commercial Observer. The sponsor is looking for a five- to seven-year term on a loan with 55 percent loan-to-value, according to an offering memoran…
Millennium and Copthorne Agrees to £2B CDL Buyout Bid and More Asia Real Estate Headlines
…at least US$500 million, according to people familiar with the situation. Fosun Tourism & Culture Group, Fosun’s tourism unit, includes resort operator Club Med, a Chinese joint venture with tour operator Thomas Cook Group and the luxury Atlantis Resort Hotel in Sanya, Hainan province. The Shanghai-based parent is considering spinning off the unit as early as next year and is likely to pick Hong Kong as the listing venue, according to the people….
Mainland Lenders Said to Freeze HNA’s Credit and More Asia Real Estate Headlines
…f India reported citing people aware of the development. A deal would mark Fosun’s entry into the Indian real estate sector. VCCircle had reported last month that Fosun was exploring an entry into the Indian realty market and had initiated talks with a number of developers for acquisitions. Read more>> China Negotiating for London’s Royal Mint Site for New 55,000 SQM Embassy The Embassy of the People’s Republic of China is in talks to buy the hist…
Samsung Unit Pays $656M for Seoul Office Asset and More Asia Real Estate Headlines
…To Buy Majority Stake in French Fashion Label Lanvin Chinese conglomerate Fosun is set to acquire a majority stake in France’s oldest surviving couture label Lanvin, as the fashion house faces a cash crunch following a slump in sales, sources close to the matter said on Monday. Fosun, which owns French leisure group Club Med and a stake in Italy luxury menswear firm Caruso, had been vying with Qatari investment fund Mayhoola, the owner of Italy’s…
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