Anbang in talks with Kushner to overhaul building in NYC: source

New York

CHINA'S Anbang Insurance Group is in talks to invest in a project to redevelop a flagship New York City building owned by Kushner Companies, the family real estate business run by US President-elect Donald Trump's son-in-law Jared Kushner, according to a person familiar with the discussions.

The talks to revitalise the 41-floor building located at 666 Fifth Avenue, were first reported by The New York Times on Saturday in an extensive article about Mr Kushner that detailed a November meeting between him and Anbang chairman Wu Xiaohui days after Mr Trump won the presidential election.