Fosun, the private conglomerate run by the man dubbed “China’s Warren Buffett”, has taken a big step into the European real estate market by signing a joint venture deal with UK-based asset manager Resolution Property.
The deal is the latest evidence that Fosun, which owns companies in industries ranging from pharmaceuticals and mining to media and holidays, has embarked on a big international expansion.
Led by Guo Guangchang, Fosun last month signed a joint venture deal with British travel company Thomas Cook, selling holidays to Fosun’s Chinese Club Med resorts and a number of Chinese hotels selected by Thomas Cook.
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