Chinese Estates acquires Goldman Sachs' London HQ

Chinese Estates has acquired River Court, the larger of the two buildings which make up Goldman Sachs' European headquarters on Fleet Street in the City of London. The Hong Kong-listed property group run by billionaire Joseph Lau paid about £280 mln (EUR 334 mln), reflecting a net initial yield of 5.25% for the 40,000-m[sup]2[/sup] building.

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