CC Land Holdings Ltd, a firm run by Chinese property tycoon¹ Cheung Chung-kiu, has agreed to buy the city's "Cheesegrater" skyscraper² for 1.15 billion pounds (1.49 billion U.S. dollars), the company announced Tuesday.

 

中国地产大亨张松桥名下的中渝置地控股有限公司同意以11.5亿英镑（14.9亿美元）的价格买下伦敦摩天大楼Cheesegrater。
 

 

In an announcement released by the Hong Kong-based developer, the company announced the acquisition of the Leadenhall Building, the tallest building in the city of London, which is known as the Cheesegrater because of its wedge shape.

 

The commercial tower has over 46 floors and approximately 610,000 square feet of office and retail³ space.

 

The building's tenants⁴ include a number of major international insurance companies as well as financial institutions, technology, and professional service businesses. The current annual rental⁵ income of the building is approximately 40.2 million pounds (51.9 million dollars). 

 

CC Land bought the property from the developer behind the 224-meter tower, British Land, and its joint⁶ venture partner Oxford⁷ Properties, the global property arm of a Canadian pension fund.

 

The deal is the biggest sale of a single building in the UK since 2014, when the HSBC tower in Canary Wharf⁸ was sold to Qatar's sovereign wealth fund for 1.18 billion pounds. It is also one of the biggest Chinese purchases of British property.

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