Wednesday, March 1, 2017

WSJ - Drudge: China Buying Up London - But will Muslims sell the rest? --tma

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CC Land Holdings Ltd, backed by a Hong Kong property tycoon, has agreed to pay £1.15 billion ($1.42 billion) for a London skyscraper in one of the city’s biggest ever real estate deals.
British Land PLC and Oxford Properties Group, the real-estate arm of Canadian pension fund OMERS, said Wednesday that they sold the Leadenhall Building, known locally as the Cheesegrater for its triangular shape.
Investment in London property from China and Hong Kong has surged in recent months. A weak pound versus the yuan, alongside economic and political pressures at home, have been driving the acquisition spree. ...