Unpublished

Following the Dalian Wanda Group's London purchase of the One Nine Elms development, Chinese insurance giant Ping An has made a significant investment into London's City financial district by buying the Lloyd's building for £260 million ($387 million, 302 million euros), estate agency Savills announced on Monday.

Ping An Insurance has agreed to purchase the building from a German investment fund managed by Commerz Real, which is a division of lender Commerzbank.

The Lloyd's building houses insurance market Lloyd's of London.

"This is a potentially landmark transaction," said Jon Crossfield, director within Savills' Central London team. "It is a high profile and confident entry to the market for them and further illustrates the dominance of overseas investors in London at present."

 

lloyds

Search FDI News...

RSS Feed:

  • Reuters: Business News Nov 17, 2017 | 18:06 pm

    BERLIN (Reuters) - Siemens employees protested in various German cities[…]

  • Reuters: Business News Nov 17, 2017 | 18:04 pm

    (Reuters) - Twenty-First Century Fox Inc shares were up 3[…]

  • Reuters: Business News Nov 17, 2017 | 17:58 pm

    (Reuters) - Wall Street indexes were under pressure on Friday[…]

  • Reuters: Technology News Nov 17, 2017 | 17:50 pm

    WOLFSBURG/HAMBURG (Reuters) - Volkswagen approved a 34 billion euro ($40[…]

  • Reuters: Technology News Nov 17, 2017 | 17:44 pm

    (Reuters) - Tesla Inc shares rose on Friday as analysts[…]

Best Marketing Content - December 2016

Irish Development Agency

IDAIRELAND

 

Best Website - December 2016

Invest Lithuania

InvestLithuania