Billionaire Leong said to buy London building for £250m

London

HONG KONG billionaire Angela Leong has bought a historic building in London's Aldwych district for about £250 million (S$456 million), people with knowledge of the deal said.

Ms Leong, who is married to casino magnate Stanley Ho, has completed the purchase of Aldwych House from Rowan Asset Management and GI Partners LLC, the people said, asking not to be identified because the deal is confidential. The 174,000 square foot building near Covent Garden has been leased to tenants including WeWork Cos and the ROKA restaurant after a recent modernisation.