MOL property arm buys London office for Europe-Africa HQ

The Europe and African operation of Japanese shipping giant Mitsui OSK Lines is to move into new £169m ($229m) offices in central London, the company said on Monday. MOL’s property arm, Daibiru Corp, bought the office building as part of a group strategy to expand outside of core shipping operations to limit volatility during a downturn. The new building, Capital House, is near the Bank of England, major banks and investors and marine insurance players. The 2003-built property, which has 11..