Business / Companies

BOC to buy $600m building in NYC

(chinadaily.com.cn) Updated: 2014-12-09 18:55

Lloyds of London building, London

Chinese insurer Ping An Insurance (Group) Co of China Ltd bought the Lloyds of London building for $387 million from a German fund managed by Commerz Real in July 2013 after China eased restrictions on Chinese companies investing in overseas real estate.

BOC to buy $600m building in NYC

View of the Lloyd's of London building in the City of London, March 27, 2014. [Photo/IC]

Hot Topics

Editor's Picks