The Hong Kong Monetary Authority (HKMA) is seeking to acquire office buildings in London and Paris, Reuters reports, citing The Times. The authority will pay a total of around $500 million for the acquisition. The deal will help HKMA increase its exposure in the two European capitals via the Exchange Fund, an investment vehicle HKMA manages. The fund bought its first building in London’s City financial district this year, while JP Morgan Asset Management’s $424 million acquisition of 10 Aldermanbury Square was on behalf of HKMA’s investment portfolio.

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