Fosun Group completes acquisition in Tokyo
Fosun Group, the Chinese conglomerate, has completed the acquisition of Citicorp Center in Tokyo, the China BusinessNews said onWednesday. The Citicorp Center, a 25-floor upscale office building located in Shinagawa-ku, was purchased by Fosun’s newly acquired company IDERACapitalManagement Ltd. The acquisition of Citicorp Center indicates Fosun’s first entry into Tokyo-based properties since it took over IDERA. Fosun is responsible for the team communication of IDERA and resource allocation in Japanese real estate market.