Lee Kum Kee 12.8 billion purchase of British commercial buildings in London the most expensive

Hong Kong businessmen actively in the UK sweep the property. Lee Kum Kee Group to about 12.8 billion yuan, the purchase of London 20 Fenchurch full of commercial buildings, about 18,000 yuan per square foot, broken the beginning of the land in Chongqing (01224) record, has become the largest ever commercial store in London.

71,000 feet above the London Bridge

Lee Kum Kee Health Products Group announced that it was pleased to be able to successfully purchase a commercial center located in the central London area, not only for the Group to bring a reasonable rental return for the Group, Expand the Group to invest in the size of the property to major overseas financial centers to provide sustained and stable asset growth, will hold this landmark for long-term investment.

The property is located on London Fenchurch Street, near the London Bridge, the Thames and other landmarks, is also a core business district. The property was completed in 2014 with a total of 37 floors including a 3-storey air garden offering about 713,000 square feet of floor space, including Grade A office space (671,000 sq ft), retail (17,000 sq ft) and ancillary facilities 25,000 square feet).

Property occupancy rate 100% income stable

The building is 160 meters high, with the unique shape on the wide and narrow, similar to the walkie-talkie, so the local also known as the “walkie-talkie building” (The Walkie-Talkie), tenants, the current property occupancy rate of 100% Banks, insurance, securities, etc., the average lease contract for about 13 years, the income is stable.

According to the transaction price, breaking the beginning of this year, there is “Chongqing Li Ka-shing,” said Zhang Songqiao’s Zhongyu land, to about 11 billion yuan to buy the London Commercial Building, Lee Tak He Building (Leadenhall Building) record price, Become the largest amount of commercial buildings in London.

2017 to date, London recorded at least 7 to 8 more than 1 billion yuan trading, such as Java Holdings (00251) in May this year to 2.6 billion acquisition of 33 Old Broad Street property, with a total area of ​​191,165 square feet. (00127) to 1.76 billion yuan, the purchase of 11 St James Square all the buildings; as China Resources Land (01109), also spent 3 billion yuan to buy commercial buildings.

Mainland Cheung Kee Group spent about $ 4.2 billion this month to acquire 20 Canada Square in London and intends to rename it as “Cheung Kee Center”. A total of six transactions, the total amount of 35 billion yuan.