Tue, 28 Feb 2017 | COMMERCIAL PROPERTY
London’s 225m-high Leadenhall Building - better known as the ‘Cheesegrater’ - is on the market and could be sold to Chinese investment group CC Land for more than £1 billion, according to reports.
Today British Land, which owns 50 per cent of the 48-storey building alongside joint venture partner Oxford Properties, confirmed that “advanced discussions” are taking place regarding the “possible sale of interests in the Leadenhall Building”.
“It is not certain that these discussions will lead to a sale of the building. Further announcements will be made as appropriate,” the company added.
The Financial Times reported that CoStar, a property news service, said discussions were being held with CC Land, which is run by property magnate Cheung Chung-kiu, with the price at £1.02 billion.
If it goes through the deal will be one of the largest Chinese UK real estate acquisitions.
Tenants at the Leadenhall Building, opened in October 2015, include insurers Aon and Amlin.
Find commercial property for sale.
E-commerce retailer of football equipment to schools football clubs & the general public. Key products include specialist training equipment footballs goals & other coaching materials.
Specialist utility services provider delivering contract services for telecommunications & fibre-optic networks. Works include the installation of ducts micro-ducts access chambers street cabinets & fibre optic cable installation for major blue-chip...
Provides bus & coach services on behalf of local authorities universities & private companies throughout the North East of England.
22
|
Jan
|
630,000 UK businesses in “significant financial distress”, according to report | BUSINESS NEWS
According to the most recent Red Flag Alert research from Be...
21
|
Jan
|
ProCook considering sale as it undertakes strategic review | BUSINESS NEWS
Kitchenware retailer ProCook is to undertake a strategic rev...
20
|
Jan
|
Modulaire Group extends UK presence with Carter acquisition | BUSINESS SALE
Modular space leasing business Modulaire Group has announced...
Sign up to receive our acquisition alert emails to get your FREE guide
22
|
Jan
|
630,000 UK businesses in “significant financial distress”, according to report | BUSINESS NEWS
According to the most recent Red Flag Alert research from Be...
21
|
Jan
|
ProCook considering sale as it undertakes strategic review | BUSINESS NEWS
Kitchenware retailer ProCook is to undertake a strategic rev...
20
|
Jan
|
Modulaire Group extends UK presence with Carter acquisition | BUSINESS SALE
Modular space leasing business Modulaire Group has announced...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources