The head of real estate at Anbang Insurance Group, one of China’s largest global investors, has resigned.
Theo Cheng, who handled the company’s real estate investment activity with a focus on overseas purchases, is on gardening leave from the company, according to trade magazine PERE.
Anbang is one of several high-profile Chinese companies under the microscope for heavy investment in foreign assets.
News of Cheng’s departure comes after EG revealed earlier today that Chinese giant Dalian Wanda has transferred the ownership of its Nine Elms Square scheme in London, as it seeks to divest from global real estate.
In June, Anbang group chairman Wu Xiaohui was detained by Chinese authorities for questioning regarding an unspecified investigation.
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