http://www.chicagotribune.com/news/...vestments24-20150124-story.html
"The insurer bid for the Squaire, a ship-like office and hotel complex perched atop the Frankfurt airport train station, people with knowledge of the matter said in December. The building is home to auditing firm KPMG, German carrier Deutsche Lufthansa and two Hilton hotels.
Owner IVG Immobilien canceled the sale this month, saying bids were too low. A representative for Ping An, who asked not to be named citing company policy, said the company won't comment.
"It's pretty strategic for Chinese insurers to snap up overseas properties, especially landmark buildings, as they have plenty of cash to deploy," BNP's Chan said by phone. "For trophy assets like the Lloyd's of London building, it can be an expensive purchase, but it won't be a bad purchase."" |