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HNA 'weighing sale of two Canary Wharf offices'

Chinese conglomerate's reported move comes as it seeks to shed assets, cut its debt burden, sources say

Published Sun, Jan 7, 2018 · 09:50 PM
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Hong Kong

HNA Group Co has approached brokers about the possible sale of two office buildings in London's Canary Wharf financial district as it seeks to shed assets and cut its debt burden, two people with knowledge of the discussions said.

The Chinese conglomerate has sought advice from brokers on the value of 30 South Colonnade and 17 Columbus Courtyard with a view to selling them, two of the people said, asking not to be identified because the plan is private.

It has also approached investors that may be interested in purchasing the properties, which cost HNA about £366 million (S$659 million…

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