Chinese property tycoon to snap up London Cheesegrater tower for $1.27b

Chinese property tycoon to snap up London Cheesegrater tower for $1.27b

The Leadenhall building, also known as the Cheesegrater. Photographer: Jason Alden/Bloomberg

An investment company of Chinese property magnate Cheung Chung Kiu is set to buy the London skyscraper nicknamed the Cheesegrater for about 1.02 billion pounds ($1.27 billion) from owners British Land Co. and Oxford Properties Group Inc., CoStar News reported, without saying where it got the information.

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