The attack was ordered after GCHQ located Musthava Carzy at a wedding party in the Brick Lane area of London. Air Marshal “Bomber” Harris reported that the Carzy has been killed along with 25 other people. The 25 dead were known to be associates of the Carzy because they were at the same wedding party. Carzy was identified as the mastermind behind a series of lone wolf terrorist attacks in Britain and Europe.
A spokesperson for the Prime Minister’s Office said that Carzy was a high value target, but that the Government regretted collateral damage done to valuable property in the area. The spokesperson reassured Chinese people that London remained a great real-estate opportunity and that no condominiums were damaged during the bombing.
The spokesperson also said that British Military action in Afghanistan would continue until Osama bin Laden is found. This might take some time, he added, because, according to the Americans, Bin Laden is at the bottom of the sea.
Private Tye discovered that GCHQ got its information from Willieleaks.
The story from the Financial Times:
For many international real estate investors, London is no longer the place to be. Since the UK voted to leave the EU in June, investment flows into London commercial property have dropped to less than half their level of a year earlier.
But one group of investors is proving markedly less pessimistic: buyers from China and Hong Kong, who have continued to snap up trophy assets in the City of London and the West End, largely undeterred by Brexit. Peter MacColl, head of global capital markets at the property advisers Knight Frank, describes a “surge of Chinese money” into UK property, including cash from state-owned enterprises, corporations and ultra-wealthy individuals. Demand from mainland China has been at least equalled by that from Hong Kong, says Chris Brett, head of international capital markets at CBRE. “At the moment, there is about £4.5bn of live equity targeting London from Hong Kong investors,” Mr Brett says. “It’s the most activity we see from any international buyers.”
These inflows are helping to limit an overall decline in overseas buying since the EU referendum. While total investment into London property has dropped 55 per cent since the vote compared with a year earlier, to £7bn, Chinese investment is down only 22 per cent, to £1.25bn, making it a much larger proportion of the market, according to data from Real Capital Analytics. And this figure does not include purchases in the process of being rushed through before the end of the year.
Beijing Capital Development Holdings, a state-owned group, is one of the latest to commit to a high-profile London purchase, offering more than £200m for 30 Crown Place, the City headquarters of the law firm Pinsent Masons. Similarly, last month, 20 Moorgate, a building let to the Bank of England, was acquired by Hong Kong-based investor Asian Growth Properties for £154m. Appetite for London real estate extends to other sectors, too. Lee Kum Kee, the soy sauce manufacturer, bought an office building in the Isle of Dogs this month, while the insurer China Life bought the Aldgate Tower in a joint venture with the Canadian group Brookfield in April for £346m, Knight Frank says.
Chinese investments in London commercial property are part of a broader flow of capital from the country into overseas assets, prompted by the decline of the renminbi and fears of greater capital controls. At the same time, cheaper prices for London buildings, partly because of a post-referendum fall in the pound, and the likelihood of steady income, have provided a lure for this capital. “You’ve got a pressure on the Chinese to get their money out before it becomes worth less,” says Mr MacColl, noting state monitoring of outward remittances of as little as $5m, and draft rules to restrict large overseas acquisitions, in a bid to relieve pressure on the currency. Although Hong Kong companies are not subject to the mainland’s capital controls, they have also been seeking to diversify beyond their home market as the semi-autonomous territory feels the impact of China’s market instability. For those of them who can invest in London, a drop in prices generally has combined with a fall in sterling to make London assets more attractive. “Four or 5 per cent, which is now the net yield in the City on prime buildings, is a very acceptable level of return compared to what they can get elsewhere,” Mr MacColl points out.