Chinese firm CIC close to deal for purchase of London office park

Email|Print|Comments       twitter     facebook     Sina Microblog     reddit    

LONDON, Nov. 11 -- China Investment Corporation (CIC), China's sovereign wealth fund, is close to a deal with U.S. private equity group Blackstone on the acquisition of an office park in western London, local media reported on Monday.

The talks could be finalized before end of November, according to a Financial Times (FT) report.

According to the FT, the 32-acre Chiswick Park is valued at 800 million pounds. If successful, it would be the real estate deal with the highest value real closed by an investment arm of the CIC.

The deal is described as one of the largest office developments and the highest value real estate purchased made by an investment arm of the CIC.

Chinese investment in Britain rose to 4 billion U.S. dollars in 2012, up 80 percent from a year ago, with London being the destination of 60 percent of China outbound direct investment in Britain.

• Investment to boost China's climate-smart growth
• China's fixed-asset investment up 20.1 pct in Jan.-Oct.
• Obama urges more investment in infrastructure to create jobs
• Greenlandic minister woos Chinese investment
• Investment consultancy releases China's first FOF index
• Pu'er: Expecting global cooperation at higher levels and in broader fields
• Trust as important as cutting red tape for investment in China
• Wealthy shift focus to investment: Survey
• Interview: Spanish minister looks to Chinese investment, tourists
• International investment, trade fair opens in Xiamen

We Recommend

• Luxury-cars parade held in Dubai
• Special forces take tough training sessions
• Fire guts 22-storey Nigeria commercial building in Lagos
• A girl takes care of paralyzed father for 10 years
  
• A record of Beijing air quality change
• In pictures: explosions occur in Taiyuan
• Hello! Horror Halloween Celebration!
• The catwalk to the world of fashion
  
• Cruise trip to Taiwan