Caixin
Oct 12, 2018 05:04 AM
BUSINESS & TECH

Fosun Puts Stake in Manhattan Skyscraper Up for Sale

Fosun has joined several conglomerates in paring back foreign assets amid debt concerns. Photo: VCG
Fosun has joined several conglomerates in paring back foreign assets amid debt concerns. Photo: VCG

Chinese investment giant Fosun International Ltd. put up for sale an unspecified minority stake in a Manhattan skyscraper, in a deal that could value the building at $1.6 billion.

Fosun is looking for a strategic partner for the 60-story, 2.2-million-square-foot property at 28 Liberty Street in the Lower Manhattan financial district of New York City, the company said in a statement to Caixin.

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