Chinese investment giant Fosun International is acquiring London-based Thomas More Square complex. [File Photo: dyhjw.com]

Chinese investment conglomerate Fosun International is to speed up its overseas expansion with its latest acquisition in London.

Fosun is reportedly acquiring the Thomas More Square complex from Land Securities Group, the largest commercial property company in the United Kingdom.

The deal is valued at around 300 million pounds or 430 million US dollars.

Since 2014, the majority of the complex's tenants have been Rupert Murdoch's News Corporation businesses.

Once the deal is finalized, it will become Fosun's biggest real estate transaction in Europe.

Fosun set up a joint venture called Resolution Property Investment Management with European investment firm Resolution Property in 2015.

The Chinese investment giant announced that the joint venture would act as its exclusive investment manager to buy interests in real estate assets across Europe.