CC Land, a company controlled by the Chinese property magnate Cheung Chung-kiu, is in advanced talks to buy London’s “Cheesegrater” skyscraper for more than ￡1bn.
The Hong Kong-listed group is seeking to buy out both British Land and Canada’s Oxford Properties for ￡1.02bn, said a person close to the discussions. They are joint-venture partners in the building.
If completed, the deal, first reported by CoStar News, will be one of the largest Chinese purchases of UK property. It would highlight a trend of Chinese capital flowing into real estate around the world.
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