HK food giant buys London landmark in record deal
By Cecily Liu in London | China Daily | Updated: 2017-07-29 06:45
The landmark London office block known as the Walkie Talkie has been sold to a unit of Hong Kong-based food giant Lee Kum Kee Group in the United Kingdom's biggest deal for a single office building.
LKK Health Products Group announced the purchase of the iconic 37-story building at 20 Fenchurch Street, in the capital's insurance district, for 1.28 billion pounds ($1.68 billion) from developers Canary Wharf Group and Land Securities, on Thursday.
The purchase is the latest Chinese investment into London's commercial property sector fueled by the pound's depreciation amid Brexit uncertainties.
Photo
