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China's C C Land prepares to enter retail property market in London

On the back of a buying spree in London, C C Land Holdings Ltd. is evaluating its options to expand its footprint to the retail market and shopping center sector in the British capital, Property Week reported.

The company's most recent deals in London include the £1.15 billion purchase of The Leadenhall Building, also known as the Cheesegrater, and the £470 million acquisition of Nine Elms Square, carried out through a joint venture with Guangzhou R&F Properties Co. Ltd.

The Chinese investor has established a subsidiary in the U.K. and hired Adam Goldin, head of U.K. investment at Resolution Property, to lead the unit.

C C Land's Deputy Chairman and Executive Director, Dickie Wong, told the publication that the company is reviewing development projects in London and examining several buildings for its future purchases, with target assets including prime residential and office assets, as well as retail properties and shopping centers.

The Oct. 12 report noted that the company's next deal could potentially involve an iconic office asset in central London.