Real Estate

Sapir, Rosen bring in Chinese, Hong Kong investors to partner on Miami project

therealdeal.comFrom the South Florida website: ASRR Capital Ltd. — the publicly-traded Israeli company led by New York real estate moguls Alex Sapir and Rotem Rosen — has brought in Chinese and Hong Kong investors to partner in redeveloping the Miami Arts & Entertainment District property it purchased earlier this year, The Real Deal has learned.

The deal marks the latest major Chinese investment in Miami, as Asian buyers continue to target the area.

The Asian investors, CNMB International, a giant construction company based in Beijing, and G-Resources Group, a Hong Kong-based public investment group, will have a 67 percent interest in ASRR’s project, according to an announcement on the Tel Aviv Stock Exchange, where ASRR’s shares are traded.

Categories: Real Estate

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