RCA in the commercial property press:

Hong Kong-Based Chinese Estates Has Insatiable Appetite for London Office

Bloomberg reports: After taking down River Court, the larger of the two buildings constituting Goldman Sachs’ European headquarters, in January, Hong Kong-based Chinese Estates Holdings Ltd is expressing strong interest in acquiring two additional Goldman buildings in the City of London that were put on the market earlier in the year. Both on the City’s Fleet Street, the two office towers are being marketed for at least £300 million. They include Peterborough Court and Daniel House.

The recent moves by Chinese Estates are the latest examples of a cross-border investor trading in the UK. Bloomberg quotes Real Capital Analytics in stating, “London was one of the first real estate markets to see a pickup in deals and prices after the financial crisis. Sales of existing commercial property in the UK capital generated more money than any other city last year.”

Articles related to this topic:

 China Property Sales Top US for Second Year in 2010 Global Recap
 China Introduces Additional Curbs on Domestic Property Market
 Sellers Testing Waters in Dallas with Two Major Office Offerings
 Flurry of Early M & A Deals Points to Formidable Year for CRE
 RCA's Robert White Speaks on Where Core Assets Fit in CRE Marketplace
 Juxtaposing Five European CRE Markets: Which One's For You?
 Record-Setting Price Lands Spanish Retailer a Fifth Avenue Flagship
 Turkey Shines for Cross-Border Commercial Property Investors
 Currency Conversions Boost Holding Period's Return in Shanghai
 RCA Data Illustrates Office Sector's Recovery in Cassidy Turley Q1 Report

Posted by: Nina Turner

<< Prev

Next >>