The investment conglomerate run by the man often referred to as China's Warren Buffett seems set to pick up another low-priced, high value investment as a group led by Fosun International is said to have acquired a piece of prime seaside real estate in Greece for 915 million euros ($1.26 billion). Fosun, which manages to aggressively pursue bargains across a variety of sectors and locations, has teamed with one of Greece's best known real estate firms, Lamda Development and prominent Abu Dhabi developer Al Maabar, to bid for a 6.2 million square metre (2.39 square mile) site with 3.5 kilometres (2.17 miles) of coastline that was formerly home to Athens' Hellenikon airport. According to a report by Reuters, sources close to the deal say that Fosun's latest bid, which was submitted on March 26th, has been accepted by the authorities responsible for disposing of the Central Park-sized project that already includes an operational 337-berth marina.
Read more here >> Forbes Business| Quails
Read more here >> Forbes Business| Quails
