Property News · October 5, 2018

Chinese conglomerate Fosun’s UK affiliate acquires City of London’s Royal Exchange for US$58.4m


The UK affiliate of Chinese conglomerate Fosun International has acquired the iconic Royal Exchange in the City of London for £45 million (US$58.4 million).
Resolution Property has bought four floors of the building with 68,000 square feet of office space from European investment firm Marcol. The ground floor of the building was excluded from the sale.
The grade 1 building, completed in 1844, sits in the historic heart of the Square Mile near the Bank of England.
Market observers expect…

Source : South China Morning Post
Read more…Chinese conglomerate Fosun’s UK affiliate acquires City of London’s Royal Exchange for US.4m