LONDON (Sept 4): Samsung Life Insurance Co. is in talks to sell Commerzbank AG’s City of London headquarters to Singapore-based Wing Tai Holdings, two people with knowledge of the matter said.

Samsung Life is seeking about 425 million pounds ( $750.1 million) for the 30 Gresham Street building. The terms of the deal haven’t yet been finalized and there’s no guarantee that the transaction will be a completed, the people said, asking not to be identified because the information is private. Investec Plc is the other major tenant in the roughly 400,000 sq ft property that’s close to the Bank of England.

Spokesmen for Samsung Life and its adviser, DWS Group, declined to comment. Officials at Wing Tai, a property and retail group, didn’t respond to requests for a comment.

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