The Leadenhall Building, aka the Cheesegrater, is set to be bought by a Chinese investment company owned by the property magnate Cheung Chung Kiu..
It is reportedly going to cost 1.02 billion pounds ($1.3 billion) from owners British Land Co. and Oxford Properties Group Inc, making it the biggest property purchase in the UK since 2014.
The current owners, British Land, plans to use the money raised from the sale to finance the construction of an office building at the Broadgate complex, next to Liverpool Street railway station.
Submitted Article
Headline
Short Headline
Standfirst
Published Article
HeadlineChinese set to buy ‘Cheesegrater’ tower
Short Headline
Standfirst
The Leadenhall Building, aka the Cheesegrater, is set to be bought by a Chinese investment company owned by the property magnate Cheung Chung Kiu..
It is reportedly going to cost 1.02 billion pounds ($1.3 billion) from owners British Land Co. and Oxford Properties Group Inc, making it the biggest property purchase in the UK since 2014.
The current owners, British Land, plans to use the money raised from the sale to finance the construction of an office building at the Broadgate complex, next to Liverpool Street railway station.
