Date
17 October 2017

CIC close to clinching £800m London property deal, Xinhua says

China Investment Corporation (CIC) is close to completing a deal to buy an 800 million pound (US$1.27 billion) London office campus from US private equity firm Blackstone Group L.P., the official Xinhua news agency reported Monday, citing a report by Financial Times the same day. Once completed, the property deal will be the largest of its kind by CIC in the city. The campus, Chiswick Park, covers an area of 32 hectares with an average rent of 45 pounds per square feet, about 20 percent lower than that in the City of London, the report said.

– Contact HKEJ [email protected]

TL/AC/CG

 

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