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Hong Kong’s GR agrees £134.5m City buy as part of UK acquisitions drive

Wei Chunxian’s GR Properties, a Hong Kong property investor, has agreed an off-market deal to buy an office development in the City of London from Standard Life for £134.5m, CoStar News can reveal.
By James Buckley
November 16, 2017 | 2:46 P.M.

GR Properties has conditionally agreed to buy the long leasehold interest in Juxon House at 100 St Pauls Churchyard, EC4, for a net initial yield of 4.1%, as part of the group’s drive to increase its overseas commercial property investments, with a particular focus on the UK and US, as well as its domestic market.

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News | Hong Kong’s GR agrees £134.5m City buy as part of UK acquisitions drive