Savills advised on the purchase of The Leadenhall Building on behalf of CC Land Holdings Ltd.
Stephen Down, head of the Central London investment team at Savills, commented the deal : “Acknowledged as one of London’s most iconic office buildings, the acquisition of the Cheesegrater, and arguably a piece of London’s skyline, by an overseas investor reinforces, if there was ever any doubt, the city’s position as the leading market for global investment.
“Since the autumn of last year we have seen a material increase in international investor appetite for the very best assets in Central London, and the purchase of the Cheesegrater is further evidence. I am pleased to say that Savills has been at the forefront of deals activity that includes over £2 billion of prime assets in London since September last year.
“The deal also importantly reflects Savills ability to successfully work collaboratively cross- border, with our Hong Kong investment colleagues, led by Raymond Lee, playing an important role in the acquisition.”