HNA buys landmark building in London

HNA Group, the owner of Hainan Airlines and a number of other aviation companies, said on Monday that it has acquired 30 South Colonnade, a landmark office building in Canary Wharf, one of London's major financial districts for an undisclosed amount.

The 10-story building, spread over 305,600 square feet (28,390 square meters), is the European headquarters of global newswire Thomson Reuters. It is also adjacent to other financial powerhouses like Citibank, HSBC, Northern Trust and Morgan Stanley.

Though HNA did not disclose the acquisition amount, industry sources said that the building's former owner had asked for 215 million pounds ($331 million), when it was put up for sale in May.