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Beijing, 2 Sep, 2015 - HNA Group, the Fortune Global 500 listed company, has concluded the acquisition of 30 South Colonnade, a landmark office building at the core of Canary Wharf, and made its first foray into the European office market. This marks another major acquisition of HNA Group in the international commercial real estate market after acquiring office buildings in Sydney CBD and Manhattan. As the real estate agent, JLL(NYSE:JLL) successfully managed and facilitated this deal.30 South Colonnade is situated in the centre of Canary Wharf, with a total area of 28,394 square metres, and is the European headquarters for Thomson Reuters. Located near the entrance of Jubilee Line, it is widely recognized as one of the world's most prominent office buildings with the Reuters digital ticker tape providing the backdrop.
Darren Xia, Head of JLL's International Capital Group in China, said, "In recent years, Chinese investments in global real estate market have maintained a steady growth, with the investors paying particular attention to the world's gateway cities, such as London, New York, Sydney, and San Francisco. The office buildings and hotels have become the popular choices for Chinese investors who are seeking outbound investments for high and stable returns."
Eric Pang, Head of China Business for JLL based in London, has been involved in the whole transaction process. He commented, "Over the years, London has always been an important strategic destination for Chinese real estate investments. With JLL's extensive global network resources, we have assisted investors in selecting and pinpointing real estate investment opportunities in overseas markets, and enabling the most efficient capital allocation and post-investment management."
HNA Group confirmed it will continue to assign JLL to provide property management and other on-going services after acquiring 30 South Colonnade.
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