Chinese property magnate Cheung Chung Kiu has agreed to buy London's distinctive "Cheesegrater" skyscraper for £1.15-billion, current owner British Land said Wednesday, as foreign buyers profit from sterling's slump.
The magnate's CC Land will buy The Leadenhall Building, shaped like a cheesegrater, after reaching an agreement worth the equivalent of $1.23 billion or 1.35 billion euros with British Land and Oxford Properties, joint owners of the prestigious site. The 46-floor building, the tallest in the City of London business district, was completed 2014 and charges record-breaking rents of more than £100 per square foot for prime floors.
Copyright Agence France-Presse, 2017
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