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.
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Including:
The Co-operative Bank provides £16.2m to waterfront development
Industry leaders are reassured by the likelihood of the sector falling outside of policy changes
Company is monitoring “market volatility”
CFO Shaw will step into top post next year
