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HNA Weighs Sale of Two Office Buildings in London’s Canary Wharf

  • Chinese conglomerate has approached investors about a disposal
  • Assets may sell for less than purchase price: people familiar
The 30 South Colonnade building, center, is seen in 2008.

The 30 South Colonnade building, center, is seen in 2008.

Photographer: Gill Allen/Bloomberg

HNA Group Co. has approached brokers about the possible sale of two office buildings in London’s Canary Wharf financial district as it seeks to shed assets and cut its debt burden, two people with knowledge of the discussions said.

The Chinese conglomerate has sought advice from brokers on the value of 30 South Colonnade and 17 Columbus Courtyard with a view to selling them, two of the people said, asking not to be identified because the plan is private. It has also approached investors that may be interested in purchasing the properties, which cost HNA about 366 million pounds ($496 million) in total, a separate person said.