CIC Plans to Purchase London Business Park From Blackstone

China Investment Corporation plans to buy Chiswick Park, a 32-acre London business park, from U.S. private equity group Blackstone Group for about 800 million pounds, according to media report.

The deal could be finalized before the end of November.

The business park is located in west London, and currently has tenants including Qualcomm, Tullow Oil and Ranbaxy.

If successful, the deal would be the second acquisition by CIC in the U.K. property market after it bought Deutsche Bank‘s City of London headquarters last year.

China Expert Network