NEW YORK CITY-After completing its $725-million purchase of One Chase Manhattan Plaza earlier this week, Guo Guangchang co-founder of Fosun International Ltd. says his firm is looking for other investments in the city.
Guangchang said after the deal was announced on Tuesday, "In the U.S., the priority is New York.” Speaking through a translator, he added that the Shanghai company was looking for investments in office buildings, hotels and apartments in New York City, according to the Wall Street Journal.
He noted that the projects could be in both existing towers or in new developments.
With JP Morgan Chase set to vacate about half of the 2.2 million-square-foot One Chase Manhattan Tower, Guangchang believes he can fill the vacant space in the tower with Chinese companies. See story in the Wall Street Journal.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
