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Fosun in venture to buy Sydney office building for A$116.5m

The Chinese company hopes to get more deals in Australia.

Hong Kong

CHINA'S Fosun Group and fund manager Propertylink are buying a Sydney office building for A$116.5 million (S$124.3 million), the second large real estate purchase this week in the city as Chinese firms scout for investments abroad.

They will buy the 14,672- square-metre