c-view-AP_16277358000081-Kirsty Wigglesworth

A Hong Kong firm just bought the most expensive office building in London ever

£1.3 billion

Hong Kong’s Lee Kum Kee Group is buying the “Walkie Talkie” skyscraper in London for £1.3 billion ($1.7 billion).

Published   |  Photo by AP/Kirsty Wigglesworth
c-view-AP_16277358000081-Kirsty Wigglesworth
£1.3 billion

The group paid the highest price ever for a single office tower in the UK, just months after another Hong Kong firm bought the “Cheesegrater” tower for £1.15 billion.

c-build-AP_32901214089-Kirsty Wigglesworth

AP/Kirsty Wigglesworth

c-view-AP_16277358000081-Kirsty Wigglesworth
£1.3 billion

This skyscraper became famous in 2013 for reflecting the sun and creating a hot beam that caused damage to cars, walls, and carpets at ground level.

c-view-AP_16277358000081-Kirsty Wigglesworth
£1.3 billion

Attracted by the weaker pound, many Asia Pacific and Middle Eastern buyers are pouring money into London’s real estate market.

c-view-AP_16277358000081-Kirsty Wigglesworth

AP/Kirsty Wigglesworth

c-view-AP_16277358000081-Kirsty Wigglesworth
£1.3 billion

Hong Kong firms are also trying to escape an expensive real estate market at home.

Published

Check out more stories below—and please take a quick three-minute survey to help us improve.

Share this story

home our picks popular latest obsessions search