28.02.2013 - China invests forex reserves in UK property
U.K.-registered Gingko Tree Investment Ltd., a wholly owned unit of China's State Administration of Foreign Exchange (SAFE), has invested more than 1.6 billion U.S. dollars in at least four deals, including a water utility, student housing, and office buildings in London and Manchester, according to data providers that track property deals and disclosures by the companies that received the investments. China Investment Corporation, China’s sovereign wealth fund, has also been actively investing in U.K. property and infrastructure. Last November, CIC bought Winchester House for about 400.6 million U.S. dollars. Its investments in U.K. infrastructure include small stakes in Heathrow Airport Holdings and water utility Thames Water...............................................Full Article: Source
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