Fosun International the ultra acquisitive Shanghai based international conglomerate and investment company, has resurfaced after a spell on the sidelines to make a $425 million purchase in the U.K. capital.
According to a report from Reuters, Fosun International (Fosun) is closing in on a deal for Thomas More Square, a 52,500 square metre office complex in London.
Real Estate investment has played a key role in the growth of the Fosun empire, the company has built a substantial portfolio of assets in Japan, the US, Australia and Europe.
Bank Deal Lost
After a flurry of landmark deals including the purchase of Club Med, Fosun’s activity dried up late last year following detention by authorities of the firms high profile billionaire founder and chairman, Guo Guangchang, as he was leaving Shanghai airport.
Guo was was later released without charge but his company then withdrew from ongoing deals. Fosun's ambition to purchase the Israeli insurer Phoenix and its long running chase to buy London merchant bank BHF Kleinwort Benson, fell victim to Guo's confinement.
