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Chinese Estates to acquire Tower 42 in London for GBP300 mln

Posted on 07 July 2010

From China Knowledge: Chinese Estates Group, a leading property developer headquartered in Hong Kong, will spend £300 million to purchase Tower 42, the former NatWest skyscraper in London, from Hermes Real Estate and BlackRock’s U.K. property fund.
After a three-month auction, the Hong Kong-listed firm will acquire the 600-foot tower near Bank of England, which will be the firm’s first large commercial property deal in London……………………………………….Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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