SHANGHAI: Chinese conglomerate Fosun Group, the aggressive dealmaker facing government scrutiny over its overseas acquisitions, has sold out of its first Sydney property investment.
A Fosun Property partnership sold an office tower for A$150mil (US$115mil) to a joint venture involving Australia’s Propertylink Group, according to a Propertylink statement yesterday. The purchase price in 2015 was A$116.5mil. Fosun characterised the disposal as part of its normal buying and selling of properties.
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