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13 December 2017
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HK billionaire reportedly to have purchased historic London property

21 September 17 - RE+D Magazine
HK billionaire reportedly to have purchased historic London property

Angela Leong, Hong Kong billionaire


COMPANIES

Savills

Consultant - GREECE

Solum Property Solutions

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IBI Group

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ETAD.A.E.

Public entity - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
Hong Kong billionaire Angela Leong has bought a historic building in London’s Aldwych district for about 250 million pounds ($338 million), people with knowledge of the deal said according to Bloomberg.

 

Leong, who is married to casino magnate Stanley Ho, has completed the purchase of Aldwych House from Rowan Asset Management and GI Partners LLC, the people said, asking not to be identified because the deal is confidential.

The 174,000 square-foot (16,200 square-meter) building near Covent Garden has been leased to tenants including WeWork Cos. and the ROKA restaurant after a recent modernization.

Hong Kong investors have poured into London’s commercial real estate market following the Brexit vote, lured by the cheap pound and lower values than their domestic market.

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