Lee Kum Kee, the inventor of the oyster sauce and producer of more than 200 types of condiments, is the latest among Hong Kong’s companies to be piling into overseas property, amid record prices at home
Hong Kong’s oyster sauce king buys London’s ‘Walkie Talkie’ tower for record £1.3 billion
Lee Kum Kee Group, the Hong Kong company best known for its oyster sauce condiment, has bought a London office tower for a record £1.3 billion (US$1.7 billion), landing the biggest commercial property deal in the United Kingdom.
Lee’s property investment arm Infinitus will buy 20 Fenchurch Street, a London office tower affectionately known as the “Walkie Talkie” building because of its distinctive top-heavy shape, from Land Securities Group and the Canary Whart Group, according to a press statement by LKK Health Products’ chairman Sammy Lee. -- More...
