| Korea Investment Corporation, South Korea's sovereign wealth fund, bought an office block opposite the Bank of England for about 75 million pounds ($116 million), its first foray into the perceived safe haven of the London property market.
In a deal completed days before Christmas, KIC bought the 80,000 square feet block at 1 Bartholomew Lane, in which it occupies the top floor, in a deal that will see U.S. developer Hines act as the asset manager, a source told Reuters...........................................Full Article: Source |