Fosun Property Acquires Majority Stake in Resolution Property Investment Management
Shanghai, China and London, UK - Paul Hastings LLP, a leading global law firm, announced today that it has advised Fosun Property, the Shanghai-based real estate investment management platform of Fosun International, the largest privately-owned conglomerate in China, on the acquisition of a majority stake in Resolution Property Investment Management (“RPIM”), the London-based private equity real estate fund manager. Resolution Property’s partners will continue to own the remainder of RPIM.
RPIM will be Fosun Property’s exclusive platform for value-add real estate investments in Europe and Fosun Property will provide cornerstone funding for RPIM’s subsequent real estate funds.
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