The Fosun Group has bought the Torre Sucupira, an office building in São Paulo, for US$140.1 million, the Deal Street Asia website reports.

Torre Sucupira was developed by Brazil’s Odebrecht Organisation, was once owned by investor Saul Klein and was held by the HSI Investimentos property fund that paid US$85 million for the building in February last year.

Fosun’s purchase is its second major deal in Brazil after the takeover of Brazilian fund manager Rio Bravo Investimentos last year.

The Brazil Journal website says Fosun has offered to buy a majority stake in the brokerage firm Guide Investimentos, valued at US$158 million.