Chinese conglomerate HNA has acquired the Thomson Reuters London headquarters in Canary Wharf from German fund manager KanAm.

Chinese conglomerate HNA has acquired the Thomson Reuters London headquarters in Canary Wharf from German fund manager KanAm.

Financial details were not disclosed. However, UK press reported earlier this year that the asset had been put on the market for a price of £215 mln (€295 mln), or a yield of 5.5%.

KanAm acquired the asset in 2005 for a price of £185 mln.

The 10-storey building at 30 South Colonnade was designed by star architect Cesar Pelli and provides 28,000 m2 of leasable space. It had been fully renovated at the time it was taken over by the fund.

The lease with Reuters runs until 2020 and generates £11.9 mln a year.

HNA has €45 bn of assets across a range of business sectors. The group owns Hainan Airlines, the largest privately owned airline and the fourth largest overall in China.

HNA is also a major investor in the hospitality industry in China and abroad. It is building up its presence in the European hotel sector through its 20% holding in Spain's NH Hoteles and by direct investment deals.