London?s tallest skyscraper, The Leadenhall Building, has been sold to a Chinese property magnate for a price of £1.15 billion, in what has become the second-biggest sale of a UK building in history, as well as one of China?s largest acquisitions of UK real estate. The transaction involved developer British Land and its partner Oxford Properties, who sold the tower to CC Land, a Hong Kong based company.

© Richard Bryant

London?s tallest skyscraper, The Leadenhall Building, has been sold to a Chinese property magnate for a price of £1.15 billion, in what has become the second-biggest sale of a UK building in history, as well as one of China?s largest acquisitions of UK real estate. The transaction involved developer British Land and its partner Oxford Properties, who sold the tower to CC Land, a Hong Kong based company.Tim Roberts, head of offices and residential at British Land, said: ?British Land and Oxford Properties took a bold step at the early stages of the UK?s economic recovery to develop the Leadenhall Building to generate a high-quality, long-term income stream,? said Tim Roberts, head of offices and residential at British Land. ?This sale shows continued investor appetite for best-in-class, well-located property in London.?
© Paul Raftery

© Lee Mawdsley

Colloquially known as ?The Cheesegrater? for its unusual wedge-like form, the 224-meter tall building was completed by Roger Stirk Harbour + Partners ...