BOC affiliate eyes US commercial realty deal

Investment arm in talks to acquire office space in Manhattan tower

Bank of China Group Investment Ltd, an affiliate of State-owned lender Bank of China Ltd, has inked an agreement to acquire office space in a commercial tower in Bryant Park, New York City, sources said on Tuesday.

The Hong Kong-based company is currently negotiating the price with developers, Hines, Pacolet Milliken Enterprises and JP Morgan Chase & Co's asset management branch, said Wei Da, managing director of the asset management division at Bank of China Group Investment Ltd.