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Chinese Investor Set for Major City Tower Development Buy

Masterworks Development Corporation Nearing Sale of Bavaria House
Bavaria House. (CoStar)
Bavaria House. (CoStar)
CoStar News
November 16, 2021 | 2:37 P.M.

Sovereign Group, a private Chinese investment group understood to be ultimately controlled by real estate tycoon Shi Jinyu, is set to complete the acquisition of Bavaria House, a City of London site with consent for a major hotel and office tower.

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