Chinese firms seek London hub
Sunday 10 July 2011
London is fast becoming a hub for Chinese businesses looking to expand globally.
This month, PetroChina, one of the world's largest oil and gas producers, is searching for offices in central London of more than 45,000 sq ft. It already has a small office in Centre Point, but is looking for something larger.
PetroChina is increasing its European holdings and last month bought a 50 per cent stake in INEOS's refining business, which has plants in Scotland and France.
The Hong Kong listed Brightoil Petroleum is also planning to open a London office and is looking for around 20,000 sq ft of space.
The Chinese telecoms firm Huawei, although it already has a small office in Basingstoke – around 5,000 sq ft of space – is planning to set up home in the capital. The firm, which has been in talks to provide mobile phone services on the London Underground, is now looking to increase its footprint in central London.
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Shock poll shows voters believe Ukip is to the left of the Tories
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
iJobs Money & Business
Up to £70,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...
Up to £65,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...
£32000 - £35000 per annum + benefits: Ashdown Group: Marketing Services Manage...
£Neg. (DOE) + Excellent Benefits: Guru Careers: A Finance Account Manager with...