Date
20 August 2017

Fosun to expand US property portfolio, report says

Fosun International Ltd. (00656.HK) has completed the purchase of the 60-storey One Chase Manhattan Plaza in New York, marking the biggest real estate acquisition in the US by a Chinese developer this year, news website jrj.com reported Thursday. Fosun chairman Guo Guangchang said the company is looking to buy more property assets in New York and San Francisco to expand the group’s portfolio in the US. Acquisition targets include residential apartments, hotels and office buildings, including both constructed properties and those under construction, Guo was quoted as saying.

– Contact HKEJ at [email protected]

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