What one of London’s most famous skyscrapers lacks in aesthetics, it clearly makes up for in value. According to the Wall Street Journal, a Chinese real estate firm has snapped up the financial district building known as the “Cheesegrater” for $1.4 billion.
The 736-foot Leadanhall Building, better known to locals as the Cheesegrater for its triangular shape and serrated exterior, is the tallest building in London’s main financial district.
Chinese investors have been acquiring real estate in the British city at a fast clip, with $3 billion spent on central London properties last year alone.
The Leadanhall purchase is the biggest real estate deal in London since 2014.
—RealClearLife
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