Property News · February 21, 2019

China’s embattled HNA looking at dumping Reuters London office at US$130 million discount


HNA Group is in advanced negotiations to sell the former UK headquarters of Thomson Reuters at a sharp discount to the price it paid for the building less than four years ago, according to people with knowledge of the matter.UK investment manager LS Estates, which is seeking to purchase the property on behalf of an Asian client, has proposed a price of about 135 million pounds (US$176 million) for the building at 30 South Colonnade in London’s Canary Wharf district. That’s about 100 million…

Source : South China Morning Post
Read more…China’s embattled HNA looking at dumping Reuters London office at US0 million discount

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