Gingko Tree Investment in talks to buy Munich office park: sources

Berlin

GINGKO Tree Investment Ltd, a unit of the agency that manages China's foreign currency reserves, is in talks to buy a Munich office park valued at 500 million euros (S$812.3 million), said sources with knowledge of the plan.

Gingko Tree is negotiating with property owners HIH Hamburgische Immobilien Handlung GmbH, based in the German city of Hamburg, and the New York-based RFR Group, said the two sources, who requested anonymity. The property is rented to Siemens AG.