Primavera’s founder splashes US$55 million on Hong Kong mansion after year of blockbuster deal making

Source: South China Morning PostFred Hu, the former Goldman Sachs banker who founded one of China’s most active private equity firms, has splashed out on a mansion in Hong Kong following a blockbuster year of deal making, continuing the trend of wealthy mainland Chinese buyers snapping up prized real estate in the city.The founder of Primavera Capital Group paid HK$428 million (US$55 million) for House 3 at 45 Tai Tam Road, located between the American Club and the Turtle Cove Beach near Stanley in the south-eastern corner of…Read More

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