Chinese buy Cheesegrater

Chinese buy Cheesegrater

The “Cheesegrater”, the tallest building in the City of London, has been sold to a Chinese property tycoon for £1.15bn, the second biggest ever sale of a UK building.

The developer behind the 224-metre tower, British Land, and its joint venture partner Oxford Properties, the global property arm of a Canadian pension fund, have sold the landmark building to CC Land, a Hong Kong-listed company controlled by Cheung Chung-kiu.

The deal is the biggest sale of a single building in the UK since 2014, when the HSBC tower was sold to Qatar’s sovereign wealth fund for £1.18 billion. It is also one of the biggest Chinese purchases of UK property.  READ MORE: https://www.theguardian.com/business/2017/mar/01/london-cheesegrater-chinese-tycoon-city-british-land-city

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