Wanda’s One Nine Elms in London was acquired in 2013
Mainland investments in the European property market tripled last year, with Britain and Germany as the top destinations, and the momentum is likely to continue this year.
Insurers, developers and wealthy individuals have joined China’s sovereign wealth fund in seeking to diversify their assets outside Asia, research firm Real Capital Analytics (RCA) said yesterday.
Mainland investors bought commercial properties worth €3.05 billion (HK$32.2 billion) across Europe last year, compared with €978 million in 2012, according to RCA data.
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