黑洞社区

A Chinese property giant has bought the Cheesegrater tower in London for 拢1.2bn.

British Land and Oxford Properties - which developed the 225m building, constructed by Laing O鈥橰ourke - confirmed the sale in a statement to investors.

The buyer is CC Land, a company controlled by Chinese property magnate Cheung Chung-kiu.

The building is fully let, with occupiers including the building鈥檚 architects, Rogers Stirk Harbour + Partners, and insurers Aon and MS Amlin.

Construction of the 225m tower - officially called the Leadenhall 黑洞社区 - started in early 2011 and completed in summer 2014.

Contracts have been exchanged, but completional is conditional on approval by CC Land鈥檚 shareholders.

Tim Roberts, head of offices and residential at British Land, said: 鈥淏ritish Land and Oxford Properties took a bold step at the early stages of the UK鈥檚 economic recovery to develop The Leadenhall 黑洞社区 to generate a high quality, long term income stream. It鈥檚 a decision which has really paid off.鈥�

The Cheesegrater suffered coming lose in late 2014 and cost steelwork contractor Severfield 拢6m in remedial works to replace nearly 4,000 bolts on the building.

with developer Brookfield where Leadenhall Court 鈥� currently occupied by Amazon 鈥� now stands. It is thought work on the tower could begin next year.