The London headquarters for multinational investment bank UBS has been bought for £1bn by a Hong Kong property tycoon

The London headquarters for multinational investment bank UBS has been bought for £1bn by a Hong Kong property tycoon, as Asian demand for "trophy buildings" in the capital grows. CK Asset Holdings, run by Victor Li after he took over the company from his father Li Ka-shing earlier this year, has purchased the prime office real estate from UK property firm British Land and Singaporean sovereign wealth fund GIC. It is the most recent deal which signals increasing Asian interest in London's skyscraper market, following acquisitions of both the "Walkie-Talkie" and "Cheesegreater" to Chinese investors in 2017.

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The London headquarters for multinational investment bank UBS has been bought for £1bn by a Hong Kong property tycoon

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