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HONG KONG, Aug 31, 2015 - (ACN Newswire) - HNA Group announced that the ceremony to commemorate the exchange of contracts between HNA Investment Holding Co, Ltd and KanAm Grund Group for the acquisition of 30 South Colonnade, Canary Wharf, London was successfully held at 40 Bank Street in Canary Wharf, London on 28 August.
 | | HNA Speeds up International Investment and Successfully Acquiring 30 South Colonnade in Canary Wharf, London |
Mr. Zhao Quan, CEO of HNA Holding and Chairman of HNA Investment, Mr. Wang Hao, President of HNA Group (International) Co., Ltd, Mrs. Yang Min, CFO of HNA Investment, Mr. Hans-Joachim Kleinert, CEO of KanAm Grund Group and Mr. Olivier Catusse, Chief Investment Officer of KanAm Grund Group, as well as the parties advisers from Ernst & Young LLP, JLL, Simmons & Simmons LLP, Nabarro LLP, Bank of China, Industrial and Commercial Bank of China attended the ceremony.
This acquisition marks the first major acquisition by HNA Group in London. 30 South Colonnade is a landmark office building at the core of Canary Wharf, one of London's major financial districts. The building extends over 10 storeys, with a total area of 305,600 square feet and is the European headquarters for Thomson Reuters.
Located near other notable tenants in Canary Wharf including Citibank, HSBC, Northern Trust, and Morgan Stanley, it is prominently situated near the centre of the Canary Wharf estate and is regularly featured in the media with the Reuters digital ticker tape providing the backdrop.
As the largest economic center of Europe, London is recognized as the springboard for entering the European market. The acquisition of 30 South Colonnade by HNA is an important step for building its European portfolio, and will also promote the international image of HNA.
In July 2015, HNA Group has landed on the Fortune Global 500, ranking No. 464 with annual revenue of approximately US$25.6 billion. HNA Investment Holding Co, Ltd is one of HNA Group's wholly-owned subsidiaries. It businesses include project investment, asset management, fund management and trust business etc and it is becoming a diversified financing and operational platform for HNA Group.
Contact:
HNA Group (International) Company Limited
Ms. Abby LEE Tel: +852 3196 0956 Email: abby.cmlee@hnair.com
Strategic Financial Relations (China) Limited
Ms. Karen HUNG Tel: +852 2864 4845 Email: karen.hung@sprg.com.hk
Ms. Ada LEUNG Tel: +852 2114 4967 Email: ada.leung@sprg.com.hk
Topic: Press release summary
Source: HNA Group International Co. Ltd.
Sectors: Daily Finance
https://www.acnnewswire.com
From the Asia Corporate News Network
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