The Chinese conglomerate HNA Group has reportedly held preliminary talks about selling its two office buildings in London's Canary Wharf financial district.

This is reported by Bloomberg News, citing sources.

Private equity players, including Brookfield Asset Management, are reportedly interested in buying the offices, but a letter of intent must be signed before they can inspect the buildings, the people said.

HNA is also said to be unable to recoup the £366 million price tag it paid for the buildings, as tenants have announced they will not sign new contracts and prices have fallen after Brexit. Canadian Brookfield, one of the owners of the buildings' original developers, is also said to be interested in more assets in HNA's property portfolio.

This is welcome news for HNA. The company is struggling with serious liquidity problems and plans to sell assets worth around $16 billion in the first half of the year. The company originally started as an airline before transforming into a conglomerate through acquisitions in various sectors. The company has done business abroad for a total of $50 billion.

Source: finwire