Chinese investment firm acquired stake in French firm Paref for $48 million
Chinese investment firm Fosun Property Holdings have acquired stake in French property firm Paris Realty Fund (Paref) for $48 million.
French firm Paref Group operates in two areas of commercial/residential investments and management on behalf of third parties. At the end of 2016 Paref Group owned €167 million in property assets and managed assets worth €1.3 billion on behalf of third parties. (Fosun Property has more than 120 projects in 40 cities across the globe. Total asset under management is around $38 billion).
Fosun is listed in the Chinese Investors Directory with the code MA156.
More details follows
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