Weekly Digest: CIC sells UK property at loss; OTPP takes majority stake in family farm
China's SWF sells UK real estate at losss; Canadian pension OTPP acquires majority stake in potato and onion supplier; AllianzGI files application to operate in China's funds market; MAS plans support for private credit development in Singapore; and more.
TOP NEWS OF THE WEEK
Sovereign wealth fund China Investment Corporation (CIC) has sold Winchester House in the City of London – its first direct investment in the UK real estate market – at a loss.
The building is the London headquarters of Deutsche Bank, but the German bank plans to exit the building next year.
Winchester House was sold for £247 million ($316 million) and the buyers are Malaysia’s Gamuda and UK investment manager Castleforge Partners.
With the London office…
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