The Chinese government owns an extensive portfolio of U.K. real estate, with over 250 properties across Britain.
The investment was made via the China Investment Corporation (CIC), which manages £970B (~$1.2B) of assets.
- The 250 properties consist of distribution centers in several regions of the U.K., including the southwest and southeast of England and the Midlands.
- Land registry data shows that CIC spent £580M (~$716M) on acquiring U.K. properties; however, this number could be much higher.
- China's investment in the U.K. has received mixed reviews, with some government members expressing concern about strategic assets.
- Others have welcomed the fresh flow of cash in Britain's economy.