You are here

HK's LKK buys Walkie Talkie tower in London for record £1.28b

Saturday, July 29, 2017 - 05:50

BT_20170729_TOWER29_3008546.jpg
The price paid for Walkie Talkie is remarkable given that the building will face ongoing maintenance costs, wrote JPMorgan Chase & Co analysts.

London

ANOTHER part of London's skyline has been snapped up by an Asian buyer.

Land Securities Group plc and Canary Wharf Group plc agreed to sell the skyscraper, known as the Walkie Talkie, to Hong Kong-based LKK Health Products Group Ltd for £1.28 billion (S$2.3 billion),

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom