Chinese firm looks to buy big office complex in London

Besides CIC, other bidders for the 1.1 million sq ft building include Chiswick Park owned by the US private equity firm Blackstone and government-backed funds from South Korea and Malaysia, state run China Daily quoted British media reports today.

The continued appreciation of the Renminbi has also made international purchases more appealing to Chinese buyers.

Commenting on the report Grant Ji, a senior director in the investment department at the real estate service provider Savills Property Services (Beijing) Co Ltd, said "London has seen a really brisk property market this year, as the financial crisis brought more buying opportunities