CC Land Holdings £1.15 billion acquisition of the Leadenhall Building

Overview:

• CC Land Holdings is set to acquire the Leadenhall Building in London from Oxford Properties and British Land for £1.15 billion.
• The Leadenhall building, known in some quarters as 'The Cheesegrater' because of its distinctive shape, is a 46-storey office building completed in 2013.
• The building holds the dubious honour of having the highest rent ever recorded in the City of London (according to CoStar)  based on a deal that Affinity signed for the 44th floor for £90 per square foot.
• CoStar also reports the deal as the second highest value sale of a single UK building after the HSBC tower was sold in 2014 to the Qatar Investment Authority.
• CC Land is a Hong Kong listed investment company controlled by Chinese real estate investor Cheung Chung-kiu.
• The deal follows another London real estate acquisition by CC as it closed a deal for One Kingdom Street in West London on February 13.

Sam Duke - Editor