LONDON-China Investment Corp. has paid GBP 250 million for the UK headquarters of Deutsche Bank in the City of London. The 312,000-square-foot office building, known as Winchester House, was constructed in 1999. The building is leased to the bank, which pays GBP 14.3 million as annual rent.
Kanam, a German real estate fund, sold Winchester House to the Chinese sovereign wealth fund. It acquired the building in 2003. For the full story, go to PropertyMall .
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