The City of London's famous Leadenhall Building, situated at 122 Leadenhall Street, EC3 and commonly referred to as the Cheesegrater due to its unique shape, has been sold for £1.15 billion.
British Land and Oxford Properties were the developers of the 736-foot office tower, which completed in 2014. It is the tallest building in the City of London and comprises 610,000 sq ft of offices.
However, they have clearly felt the time is ripe for a sale. Subject to approval from shareholders, Hong Kong investment firm CC Land has agreed a purchase price of £1.15 billion, the second highest amount ever paid for a single asset in the UK.
The Leadenhall Building is home to world-renowned tenants such as insurance firms MS Amlin and AON and architects Rogers Stirk Harbour.