trending Market Intelligence /marketintelligence/en/news-insights/trending/wmoom0vhohp-8n_eljgm7w2 content esgSubNav
In This List

Fosun International denies report of planned US$1.6B NYC tower sale

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective

Blog

Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise


Fosun International denies report of planned US$1.6B NYC tower sale

The real estate arm of Chinese industrial conglomerate Fosun International Ltd. is looking to sell its 60-story tower at 28 Liberty St. in Manhattan, N.Y., for US$1.6 billion, The Real Deal reported.

According to the report, CBRE is marketing the property, but Fosun representative denied the report of a potential sale, saying the company was instead open to retaining a majority ownership.

Fosun purchased the 2.2 million square-foot building, then called One Chase Manhattan Plaza, from JPMorgan Chase for US$725 million in 2013.

The news outlet added, citing Real Estate Alert, that 200,000 square feet of office space at the property remains vacant.