Hong Kong billionaire Angela Leong has reportedly acquired a historic building in London’s Aldwych district for about £250 mln (€282 mln).
According to a news report by Bloomberg, Leong has completed the purchase of Aldwych House from Rowan Asset Management and GI Partners.
The building provides 174,000 sq ft (16,200 m2) of space near Covent Garden with tenants including WeWork Cos. and the Roka restaurant.
It is the latest major investment by Asian players in Central London so far this year.
In July Hong Kong based Infinitus Property Group acquired 20 Fenchurch Street (the Walkie Talkie) for £1.3 bn, lifting investment volumes to €12.4 bn in the first seven months of the year, according to research published by international real estate advisor Savills.
As of the end of July, Asian investors had accounted for 63% of total City turnover in the year so far, followed by European investors at 17% and UK investors at 11%, says Savills. In the West End market Asian investors accounted for 50% of turnover to the end of July, with UK institutions accounting for just 2% of acquisitions by turnover.
