A Chinese sovereign wealth fund is set to become a landlord in the UK’s most important office market: the City of London.
China Investment Corporation(CIC), the country’s $410bn fund, is in talks to buy Deutsche Bank’s UK headquarters for ￡250m.
According to people close to the situation, Invesco, the asset manager will buy the 312,000 sq ft office block on behalf of CIC. Invescodeclined to comment.
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