HONG KONG (BLOOMBERG) - Hong Kong billionaire Angela Leong has bought a historic building in London's Aldwych district for about 250 million pounds (US$338 million), people with knowledge of the deal said.
Ms Leong, who is married to casino magnate Stanley Ho, has completed the purchase of Aldwych House from Rowan Asset Management and GI Partners, 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 and the ROKA restaurant after a recent modernization.
A spokesman for the vendors declined to comment. Representatives for Ms Leong did not return calls and emails seeking comment.
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. Chinese and Hong Kong buyers spent almost 4 billion pounds on London commercial property in the first half of the year, up from 2.7 billion pounds in the whole of 2016, according to data compiled by broker CBRE Group Inc.
Ms Leong, who has a net worth of US$3.7 billion (S$4.9 billion) according to the Bloomberg Billionaires Index, is executive director of SJM Holdings, Macau's third-largest casino operator by revenue.