CC Land completes £1.15bn Cheesegrater buy

CC Land has completed the £1.15bn purchase of the Leadenhall Building.

The deal with British Land and Oxford Properties completed after the group obtained shareholder approval for the transaction at a special general meeting.  

British Land and Oxford Properties have owned the Leadenhall Building, also known as the Cheesegrater, in a 50/50 joint venture formed in 2010. British Land said the sale “marks the end of a very successful partnership between British Land and Oxford Properties to develop and lease this world class building”.

British Land and Oxford Properties were advised by Cushman & Wakefield, Eastdil Secured, Mayer Brown and Herbert Smith Freehills.

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