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Fosun to Acquire London Property
   2016-03-24 11:33:34    CRIENGLISH.com      Web Editor: Qin Mei

Chinese investment conglomerate Fosun International is to speed up its overseas expansion with its latest acquisition in London.
中国复星国际投资集团拟加快海外扩张,近日将在伦敦完成一项收购项目。


Fosun is reportedly acquiring(收购) the Thomas More Square complex from Land Securities Group, the largest commercial property company(商业地产公司) in the United Kingdom.

The deal(交易) is valued at around 300 million pounds or 430 million US dollars.

Since 2014, the majority of the complex's tenants(租户) have been Rupert Murdoch's News Corporation businesses.

Once the deal is finalized(完成), it will become Fosun's biggest real estate transaction(交易) in Europe.

Fosun set up(成立) a joint venture called Resolution Property Investment Management with European investment firm Resolution Property in 2015.

The Chinese investment(投资) giant announced that the joint venture(合资企业) would act as its exclusive investment manager to buy interests in real estate assets across Europe.

Key Business Chinese 重点商务汉语:

[shōu gòu] 收购 acquire
[jiāo yì] 交易 deal
[tóu zī ] 投资 invest/investment
[zī chǎn] 资产 assets

收购 [shōu gòu]
E.g. 他们公司收购农副产品。
Their company purchases farm produce and sideline products.

对于此次收购您有什么看法呢?
What do you think of this acquisition?

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