Deals
Fosun Billionaire Guo Sees U.S. Growth After NYC Tower Deal
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Billionaire Guo Guangchang, chairman of Shanghai’s Fosun International Ltd., is seeking to expand the company’s U.S. commercial real estate investments after the acquisition of New York’s 1 Chase Manhattan Plaza.
Fosun International, the investment arm of China’s biggest closely held industrial group, is interested in buying more properties in New York as well as in other “gateway” cities such as San Francisco, Guo said in an interview. The company is considering apartments and hotels as well as offices, he said from New York, where he traveled to complete the purchase of the lower Manhattan landmark from JPMorgan Chase & Co.