China Life Insurance (Overseas) Company Limited invests in overseas real estate property actively
Recently, China Life Insurance (Overseas) Company Limited (“CLIO”) announced via their official WeChat page that China Life has invested a Grade-A office building - 99 Bishopsgate where located in the Central Business Districtof London.
The acquisition is proceeded by China Life Investment Holding Company Limited, which serves as the investment platform of China Life (Group). CLIO injected the capital for the acquisition. 40% shares of this project will be owned by China Life upon the transaction completed.
The iconic office building 99 Bishopsgate, which purchased by China Life, locates at the Central Business District of City of London with accessible transportation network. 99 Bishopsgate with a total construction area of 32,000 square meters approximate and a total of 26 floors is the premier high-rise building in the city.
With government’s encouragement of overseas investment of ownership enterprises, the alternative investments owned by CLIO have been expanding and growing rapidly. CLIO just completed the largest acquisition of the whole block commercial building in Kowloon. Investing in the premier office building overseas provides an investment opportunity, and the persistent and stable return will be the goal of the company.
The success of the City of London investment projects further expand the investment scale of China Life in the central business district of high-quality property in London. It effectively increase China Life's investment competitiveness worldwide and brand influence.
China Life Insurance (Overseas) Company Limited invests in overseas real estate property actively