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By Pamela Barbaglia
LONDON, March 22 (Reuters) - Fosun International is set to close a deal worth about 300 million pounds ($426.4million) on Wednesday to buy the Thomas More Square complex inLondon in its biggest real estate transaction in Europe, asource familiar with the matter said.
The office complex on the edge of the City of London wouldadd another landmark estate to Fosun's portfolio which alreadyincludes London's Lloyds Chambers and Milan's historic PalazzoBroggi, where Italian bank Unicredit was once headquartered.
Fosun is using Resolution Property Investment Management, ajoint venture created last year with European investment firmResolution Property, to buy the London complex from LandSecurities, the source said on Tuesday.
London-listed Land Securities declined to comment whileFosun and Resolution had no immediate comment.
Located near St Katharine Docks in Wapping on the north ofthe river Thames, the Thomas More Square complex has 520,000square feet of office space and 40,000 of retail space.
The complex was home to part of Rupert Murdoch's UK mediaempire for nearly 30 years until the tycoon broke News Corp'shistoric ties with Wapping in 2014 and moved his UK newspaperbusiness to the News Building, a 17-storey office block inLondon Bridge, previously known as the Baby Shard.
In July, Fosun said Resolution Property InvestmentManagement would act as its exclusive investment manager to buyinterests in real estate assets across Europe.
The transaction is the latest sign the Chinese conglomerate,which owns companies ranging in sectors from pharmaceuticals tomining, remains hungry for deals.
In December, Fosun International said its President GuoGuangchang was assisting Chinese authorities with aninvestigation and its shares and convertible bonds weresuspended briefly.
The episode sparked concern among investors about Fosun,which has been one of China's most aggressive dealmakers, buyingstakes in French chain Club Med, Britain's Thomas Cook Group and iconic U.S. building One Chase Manhattan Plaza.
($1 = 0.7035 pounds) (Additional reporting by Carolyn Cohn in London; editing byRachel Armstrong and David Clarke)
