Chiswick Park set for sale
by James Renoux-Wood Tue 12 November 2013, 3:44 pm
Chiswick Park, one of the largest office parks in London, is up for sale for the second time this year, and likely to be procured by China Investment Corporation (CIC) in a deal worth around £800 million.
US private equity firm, Blackstone, which currently owns the site, is in “advanced negotiations” with CIC, according to the Financial Times.
The deal would become Beijing’s biggest real estate purchase in Europe and continues a trend for Chinese investment in London.
Designed by architect Sir Richard Rogers, Chiswick Park (pictured) is home to clients such as Pepsi, The Discovery Channel, Swarovski Jewellers and Paramount Pictures.
Blackstone originally purchased the site in 2011 for £480 million and marketed it for sale at the beginning of 2013 at £800 million.