Forte to Buy Goldman’s Shanghai Garden Plaza for $200M

Chinese property developer Shanghai Forte Land Co Ltd. is in the final stages of negotiations with Goldman Sachs (GS) to buy the high-end residential property Shanghai Garden Plaza in a deal worth more than $200 million, according to Reuters.

Goldman bought the residential complex of villas and serviced apartments in 2007 for $190 million, according to real estate agency CB Richard Ellis.

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