Fosun International has agreed to repurchase a 50 percent stake in its Bund Finance Center in Shanghai for $1 billion, according to a Monday filing with the Hong Kong stock exchange.
The seller is Zhongrong International Trust.
The Bund Finance Center is more than 420,000 square meters (4.52 million square feet). The property includes 267,514 square meters (2.9 million square feet) of office space, a 117,520-square-meter (1.3 million-square-foot) shopping center, a 36,346-square-meter (391,225-square-foot) hotel and the 4,211-square-meter (45,327-square-foot) Fosun Foundation art center.
BFC has an integrated ecosystem with offices, retail, catering, entertainment, health, art and tourism. BFC overlooks the Huangpu River to the east and the Yuyuan Tourist Mart to the west. BFC is a landmark project of the Group’s “Hive City.”
Fosun International owned the ass
