China´s Fosun and Resolution Property purchase value add-asset in Frankfurt

The Chinese conglomerate Fosun is entering the German property market. The Shanghai-based company has acquired the office buliding Estrella I on Frankfurt's Theodor-Heuss-Alle 44 in the quarter of Bockenheim. The deal was made in cooperation with Resolution Property. Seller of the property is Fortress, which according to current market information,…