Winchester House Purchased by the CIC
Asian sovereign investors are building out their core real estate portfolios. The Winchester House in London was sold to the China Investment Corporation (CIC) and joint venture partner Invesco Real Estate; however, the majority of the investment came from the CIC. In 2003, the London property was purchased by German fund manager KanAm in 2003 for £206.8 million. The property was purchased for £245 million. The 310,000 sqft Winchester House is Deutsche Bank’s London headquarters.
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