Chinese buyer secures Swiss bank’s City HQ for £1bn

The London headquarters of UBS, the Swiss bank, has been sold to a property company founded by Li Ka-shing, Hong Kong’s richest man, in a £1bn deal. British Land, the UK’s second biggest property company, and GIC, a Singaporean wealth fund, said that they had sold 5 Broadgate to a subsidiary of CK Asset Holdings. The deal comes after both the “Walkie Talkie” and “Cheesegrater” skyscrapers were sold to Chinese buyers for more than £1 billion. Click here for the full Times article (£) Click here for the full FT article (£)