The Real Estate Developers Behind China’s Museum Boom
What fuels the explosion of museums in China? Partnership with developers. Another example of how art lubricates businesses.
While the art center itself is unlikely to be a particularly lucrative investment for Fosun, its status as an architectural icon and a seat of culture will ensure that land prices in the local area will rise — and allow Fosun to make more money from its other works in progress along the West Bund.