Soufun Holdings Ltd, operator of a Chinese leading real estate website, has agreed to acquire the former American International Group Inc's training center in Lower Manhattan in New York for US$46 million.
The deal, which is due to complete in the first half of 2011, mainly includes the center at 72 Wall Street which has a gross floor area space of about 23,225 square meters, according to a statement released by Soufun.
New York-listed Soufun plans to use the former AIG training center as its own global training hub to train its expanding management, staff and clients, in conjunction with selected universities and colleges in the United States.
"Soufun's history of strong growth stems from its management staff of all levels and its strong and comprehensive client base," said Vincent Mo, Soufun's executive chairman.
"Located at the center of the world economy, the Manhattan training facilities, together with future available high-quality lecturers, will provide an attractive and unique value proposition to our management, staff and clients."
Management, staff and client training will continue to be a key focus of Soufun's operations to help it maintain its competitive advantage and cement its market leadership.
The deal, which is due to complete in the first half of 2011, mainly includes the center at 72 Wall Street which has a gross floor area space of about 23,225 square meters, according to a statement released by Soufun.
New York-listed Soufun plans to use the former AIG training center as its own global training hub to train its expanding management, staff and clients, in conjunction with selected universities and colleges in the United States.
"Soufun's history of strong growth stems from its management staff of all levels and its strong and comprehensive client base," said Vincent Mo, Soufun's executive chairman.
"Located at the center of the world economy, the Manhattan training facilities, together with future available high-quality lecturers, will provide an attractive and unique value proposition to our management, staff and clients."
Management, staff and client training will continue to be a key focus of Soufun's operations to help it maintain its competitive advantage and cement its market leadership.