China pouring billions into London real estate

The British capital has become a magnet for buyers from the mainland, with investments having risen 1,500 percent since 2010, reports Zhang Chunyan

Chinese investment in London real estate has increased remarkably and will continue in the coming years, industry insiders and companies said.

Greenland Holding Group, a Shanghai-based and State-owned developer, announced its 1.2 billion pounds ($1.97 billion) investment in two overseas development projects in London on Jan 7.