Samsung in Talks to Sell Commerzbank’s City of London HQ

Samsung Life Insurance Co. is in talks to sell Commerzbank AG’s City of London headquarters to Singapore-based Wing Tai Holdings Ltd., two people with knowledge of the matter said.

Samsung Life is seeking about 425 million pounds ($548 million) for the 30 Gresham Street building. The terms of the deal haven’t yet been finalized and there’s no guarantee that the transaction will be a completed, the people said, asking not to be identified because the information is private. Investec Plc is the other major tenant in the roughly 400,000 square-foot property that’s close to the Bank of England.