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Soufun to buy office building on Wall Street
NEW York-listed Soufun Holdings Ltd, one of China's leading real estate websites, announced that it has entered an agreement to acquire the former Training Center of American International Group Inc in lower Manhattan for about US$46 million.
The deal, supposed to complete in the first half of next year, mainly includes the building at 72 Wall Street, which has a gross floor area space of around 250,000 square feet (23,225 square meters), according to a statement released by Soufun.
Soufun plans to use the former AIG Training Center as its own global training center in conjunction with selected universities and colleges in the United States.
"Soufun's history of strong growth stems from its management staff of all levels and its strong and comprehensive client base," said Vincent Mo, Soufun's executive chairman.
"Located at the center of the world economy, the Manhattan training facilities, together with future available high quality lecturers, will provide an attractive and unique value proposition to our management, employees and clients," Mo added.
In every quarter since 2009, Soufun has remained the most frequently visited real estate services portal in China and attracted the largest number of advertisers, according to a report released earlier this week by Data Center of China Internet.
The deal, supposed to complete in the first half of next year, mainly includes the building at 72 Wall Street, which has a gross floor area space of around 250,000 square feet (23,225 square meters), according to a statement released by Soufun.
Soufun plans to use the former AIG Training Center as its own global training center in conjunction with selected universities and colleges in the United States.
"Soufun's history of strong growth stems from its management staff of all levels and its strong and comprehensive client base," said Vincent Mo, Soufun's executive chairman.
"Located at the center of the world economy, the Manhattan training facilities, together with future available high quality lecturers, will provide an attractive and unique value proposition to our management, employees and clients," Mo added.
In every quarter since 2009, Soufun has remained the most frequently visited real estate services portal in China and attracted the largest number of advertisers, according to a report released earlier this week by Data Center of China Internet.
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