British Land and Oxford Properties sold their Cheesegrater building to Chinese investors for £1.2B.
The iconic London wedge, officially called The Leadenhall Building, was acquired by CC Land, helmed by Chinese property developer Cheung Chung-Kui. CC Land also bought Vodafone’s Paddington headquarters for £290M in January.
This purchase is the largest transacted by a Chinese company so far this year.
With 46 floors, it is the tallest building in the City of London. When it completed in 2014, it set record rents for the City.
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