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Eversheds comment: Fosun's Thomas More Square move the latest in a global hedging play

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  • United Kingdom

    23-03-2016

    Commenting on reports that Fosun International is set to close a deal to buy the Thomas More Square complex in London, Bruce Dear, partner and head of London real estate at Eversheds, says:

    "As China’s dragon economy slows, Fosun has followed Deng Xiaoping’s advice to “Go Out!”. Fosun has gone incandescently global, chasing income, asset diversification and capital protection. Thomas More Square is the latest move in a global hedging play stretching from New York’s Chase Tower to Milan’s Unicredit HQ.”

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