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Minsheng subsidiary confirms £84.5m City debut

Hong Kong-listed SRE Group, a subsidiary of China Minsheng, confirmed today that it entered into a sale and purchase agreement to buy the London headquarters of French bank Societe Generale on Friday for around £84.5m.
By James Buckley
September 5, 2016 | 6:58 P.M.

The building at 41 tower Hill in the City of London is being bought through SRE Group-controlled Cmsreuk Tower Hill Propco Limited, a Jersey-based investment vehicle. China Minsheng Jiaye, the property investment arm of China Minsheng, bought a controlling stake in SRE Group in 2015 as part of a wider push into real estate investment outside its native China.

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