The insurance arm of global tech powerhouse Samsung has offered to sell an office building in London that it previously purchased, according to a report in the South Korean press.
Samsung Life Insurance has reportedly embarked on the process of selling 30 Gresham Street, a London office complex that it bought with Deutsche Asset Management in June 2013 for US$497.2 million (about £398 million).
Samsung Life may not have a hard time looking for a buyer due to the revival in London’s commercial property market, the Korean business paper noted.
