Fosun Property Holdings Partners With JLL in Leasing of One Chase Manhattan Plaza of New York
Release time:2014-09-23
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New York, September 22, 2014 — Fosun Property Holdings, a subsidiary of Fosun International (00656.HK), is proud to announce a partnership with the leading real estate services company JLL (NYSE: JLL) in the leasing of One Chase Manhattan Plaza, the landmark office building in New York that Fosun purchased in December 2013. Mr. Wang Qunbin, President of Fosun witnessed the signing ceremony, while Mr. Bo Wei, Chief Representative of Fosun in the U.S. and Vice President of Fosun Property signed the contract.
One Chase Manhattan Plaza is a landmark building in downtown New York. In December 2013, Fosun acquired this building with USD725 million, which marked a significant step in Fosun’s global presence in major financial centres. Since its purchase, Fosun has been working on a comprehensive renovation of the building, including the lobby, elevators, critical infrastructure, plaza and retail shop components.
The 60-storey, 2.2 million-square-foot class-A office building will have modern office space available for new tenants starting from January 2015. In addition, Fosun will redevelop the building to accommodate more than 200,000 square feet of high-end retailers to provide service for the new tenants and local residents.
Fosun’s President Wang Qunbin said, “Fosun is making great strides in repositioning this landmark building, and our partnership with JLL will further boost our leasing efforts with both existing and new tenants. Our collaboration will also create new opportunities to best serve our community and achieve our business goals.”
“We are excited to work with Fosun in Manhattan on its first U.S. office development and leasing effort,” said Peter Riguardi, President of JLL’s New York region. “One Chase Manhattan Plaza offers a fabulous opportunity to reposition an office building with a grand history, central location and connectivity to New York’s valued workforce.”
One Chase Manhattan Plaza, designed by renowned architect Gordon Bunshaft, was once the headquarters of Chase Manhattan Bank. In 1961, David Rockefeller, as head of the bank’s building committee, selected the site and oversaw its construction. Given its historical significance, architectural uniqueness and public impact, One Chase Manhattan Plaza was designated as a landmark by the New York City Landmarks Preservation Commission in 2009.
This historically significant building is situated within the heart of the Wall Street Financial District, with modern amenities and direct connection to six subway lines, providing convenient access to public transportation.
JLL has worked with Fosun in several other markets, especially in Asia, including Beijing, Shanghai, Hong Kong, Chengdu, Guangzhou and Chongqing.
One Chase Manhattan Plaza is a landmark building in downtown New York. In December 2013, Fosun acquired this building with USD725 million, which marked a significant step in Fosun’s global presence in major financial centres. Since its purchase, Fosun has been working on a comprehensive renovation of the building, including the lobby, elevators, critical infrastructure, plaza and retail shop components.
The 60-storey, 2.2 million-square-foot class-A office building will have modern office space available for new tenants starting from January 2015. In addition, Fosun will redevelop the building to accommodate more than 200,000 square feet of high-end retailers to provide service for the new tenants and local residents.
Fosun’s President Wang Qunbin said, “Fosun is making great strides in repositioning this landmark building, and our partnership with JLL will further boost our leasing efforts with both existing and new tenants. Our collaboration will also create new opportunities to best serve our community and achieve our business goals.”
“We are excited to work with Fosun in Manhattan on its first U.S. office development and leasing effort,” said Peter Riguardi, President of JLL’s New York region. “One Chase Manhattan Plaza offers a fabulous opportunity to reposition an office building with a grand history, central location and connectivity to New York’s valued workforce.”
One Chase Manhattan Plaza, designed by renowned architect Gordon Bunshaft, was once the headquarters of Chase Manhattan Bank. In 1961, David Rockefeller, as head of the bank’s building committee, selected the site and oversaw its construction. Given its historical significance, architectural uniqueness and public impact, One Chase Manhattan Plaza was designated as a landmark by the New York City Landmarks Preservation Commission in 2009.
This historically significant building is situated within the heart of the Wall Street Financial District, with modern amenities and direct connection to six subway lines, providing convenient access to public transportation.
JLL has worked with Fosun in several other markets, especially in Asia, including Beijing, Shanghai, Hong Kong, Chengdu, Guangzhou and Chongqing.
About Fosun
Fosun was founded in 1992 in Shanghai. Fosun International Limited (00656.HK) was listed on the Main Board of The Stock Exchange of Hong Kong Limited on July 16, 2007. Today, Fosun has established four business engines comprising of “insurance, industrial operations, investment and asset management”. It strives to become a world-class investment group underpinned by the twin drivers of “insurance-oriented comprehensive financial capability” and “industrial-rooted global investment capability”. It is committed to applying the value investing principle to its investment model of “Combining China’s Growth Momentum with Global Resources”. For more information, please visit www.fosun.com.
About Fosun Property Holdings
About Fosun Property Holdings
Fosun Property Holdings is the property investment and management platform of Fosun Group. Fosun Property Holdings holds a number of development and operation entities including Forte, Star Capital, Sunyu Capital, Stater Capital, Sungin Capital, IDERA, Sunvision, Star Castle, Resource Property and Oriental Merchant to provide comprehensive service to meet development and construction demand for urban upgrades in China. In 2013, Fosun Property Holdings acquired its position as a leading globalized property investment and development enterprise in China having exposure in 26 cities across China with assets under management reaching RMB 140 billion. Globally, Fosun Property set focus on property development, landmark building and asset management company acquisition. It is also well connected with insurance capital to ensure its presence in New York, London, Tokyo, Hong Kong & Europe.
For more information: http://www.fosunproperty.com
About JLL
For more information: http://www.fosunproperty.com
About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of USD4.0 billion and gross revenue of USD4.5 billion, JLL has more than 200 corporate offices, operates in 75 countries and has a global workforce of approximately 53,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.0 billion square feet, or 280.0 million square meters, and completed USD99.0 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has USD50.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
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