Hong Kong-based investor CC Land, is buying the City of London’s tallest office tower for more than one billion pounds.
The Leadenhall Building, which is better known as the «Cheesegrater», is being sold by U.K. listed company British Land and Oxford Properties, the real estate arm of Ontario Municipal Employees Retirement System (OMERS)
The 610,000 sqft Leadenhall Building was completed in the summer of 2014. The building is fully let to businesses including insurers Aon and MS Amlin, and the building’s architects Rogers Stirk Harbour + Partners.
Growing London Portfolio
British Land, which developed the building, in a joint venture with Oxford Properties, confirmed that contracts had been exchanged.
The deal comes soon after CC Land, a company owned by Chinese property magnate Cheung Chung-kiu, bought another London office, One Kingdom Street, for almost three hundred million pounds..
