SouFun to buy AIG Wall St property for $46m

SouFun Holdings (SFUN.NYSE) is planning to buy a building in Lower Manhattan formerly owned by American International Group (AIG.NYSE) for US$46 million, Bloomberg reported. SouFun, a Beijing-based real estate services website, said it expects to make the purchase of 72 Wall Street, which covers 23,000 square meters and was once AIG’s training center, some time in the first half of next year. The company said it plans to use the building as its own global training center "to train its expanding management, staff and clients." Mainland investors are increasingly looking at US properties which are being disposed of by floundering conglomerates looking to drum up cash flow.