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China's Wang Yihan competes during the women's singles quarterfinal of Badminton against India's Pusarla V. Sindhu at the 2016 Rio Olympic Games in Rio de Janeiro， Brazil， on Aug. 16， 2016. Pusarla V. Sindhu won the match with 2:0. (XinhuaCheng Min)

Post-Brexit exchange rate move brings chances for bargain-hunting


The City of London in June. Photo: IC



China Minsheng Investment Group puma creepers cuir noir , the nation's largest private investment fund, is actively looking for opportunities in the property market in London, following the UK's decision to leave the EU.


The move is part of domestic enterprises' expansion into the global market, experts noted on Monday.


Since September, Minsheng has acquired two offices for leading financial institutions in London in deals totaling HK$1.2 billion ($154.67 million), according to the filing of SRE Group, a subsidiary of China Minsheng puma court star noir , sent to the Hong Kong Stock Exchange on Monday.


The most recent was the takeover of a six-story office building, located at the center of the City of London, for 32.5 million pounds ($42.39 million), according to the filing.


The 34,000 square meter building is fully leased to global financial company Cazenove Capital Management for seven years at 1.5 million pounds per year, the filing noted.


On September 2, SRE Group signed a sale and purchase agreement to buy the London headquarters of French Bank Societe Generale puma clyde femme blanche pas cher , which is also located in the City of London, according to the filing the company sent to the Hong Kong Stock Exchange the same day.


The deal is valued at 84.5 million pounds, -Minsheng's largest investment in London's real estate market following the UK'sBrexit vote, domestic news portal ifeng reported on Monday.


Brexit may hit the UK hard in the short term, but it also means promising investment opportunities for Minsheng, experts noted.


"In terms of the exchange rate, it is a good time for bargain-hunting in the UK since its currency has already depreciated more than 10 percent against the US dollar since the June 23 UK referendum to leave the EU puma suede classic femme pas cher ," Wang Yumin, an expert from cross-border investment service provider CubeTech Global Asset, told the Global Times on Monday.