London’s landmark “Walkie Talkie” skyscraper has been sold for £1.3bn to Hong Kong investors in a record-breaking transaction for a single building in the UK.
The building at 20 Fenchurch Street has been bought by Hong Kong-based Lee Kum Kee, a sauces and condiments group best known for its oyster sauce, becoming the latest trophy London building to be snapped up by capital from China and Hong Kong.
Landsec, the UK real estate investment trust which owned 50 per cent of the building, said it had exchanged contracts with LKK Health Products Group Limited – a division of the broader Lee Kum Kee Group – which would also buy the remaining 50 per cent stake controlled by Canary Wharf Group.
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