Hong Kong’s C C Land To Acquire London’s Tallest Building For $1.48B

Hong Kong real estate firm C C Land Holdings Ltd., run by Chinese property tycoon Cheung Chung-kiu, has agreed to buy the Leadenhall Building, London's tallest building, for £1.14 billion (US$1.48 billion).

The deal is the biggest sale of a single building in the U.K. since 2014, when the HSBC tower in Canary Wharf was sold to Qatar's sovereign wealth fund for £1.18 billion. It is also one of the biggest Chinese purchases of British property.

C C Land is buying 100% of the 46-floor skyscraper from the building's developer British Land and its joint venture partner Oxford Properties, the global property arm of the Ontario Municipal Employees Retirement System.

The price of £1.135 billion includes the assumption of the building's existing debt, worth £364.3 million, according to a disclosure filing released by Hong Kong-listed C C ...

This news article comes via , who is the copyright owner of this information and news. FintekAsia.com has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of China Money Network

You May Also Like