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LONDON, 27 July, 2017 — LKK Health Products Group (hereinafter referred to as the \u201cGroup\u201d) is pleased to announce that on 26 July it has entered into a sale and purchase agreement with Land Securities Group plc and Canary Wharf Group plc, through Infinitus Property Investment (Hong Kong) Limited, its wholly-owned subsidiary, to acquire the 100% interest in the landmark commercial building at 20 Fenchurch Street, London, known as the \u201cWalkie Talkie\u201d, for a total consideration of GBP1.2825 billion (approximately HKD12.8 billion). This is the largest-ever transaction in the United Kingdom for a stand-alone office building.<\/p>\n
A Prominent Location at the Heart of London with Sustainable Rental Returns<\/strong><\/p>\n 20 Fenchurch Street is an iconic building prominently situated in London\u2019s financial district, with uninterrupted 360\u00b0 views across Central London. The property, designed by Rafael Vi\u00f1oly Architects, provides the largest and most valuable floors at the top of the building due to its unique top-heavy shape. The property also features the famous Sky Garden which is one of the most popular and welcome visitor attractions in London.<\/p>\n Completed in 2014, the property is a 37-storey commercial complex providing approximately 713,000 square feet of best-in-class office (671,000 square feet), retail (17,000 square feet) and ancillary area (25,000 square feet). The property is currently fully let to a number of investment grade tenants with a weighted average unexpired lease term of approximately 13 years.<\/p>\n The acquisition enables the Group to not only achieve a reasonable return from rental income, but also extend its property portfolio to major overseas financial centres for sustainable and stable capital appreciation. As such, the property will be held by the Group as a long-term investment.<\/p>\n Mr. Sammy Lee, Chairman of LKK Health Products Group<\/strong>, said, \u201cWe are delighted to acquire 20 Fenchurch Street in Central London to expand our global presence through strategic investments by the Group\u2019s Infinitus Property Investment arm.\u201d<\/p>\n Infinitus Property Investment (Hong Kong) Limited, a wholly-owned subsidiary of LKK Health Products Group, owns and manages premium office and retail space in the CBDs of Guangzhou and Shanghai, China; and Central District, Hong Kong Special Administration Region of China. The total office and retail space to be managed will be over 3.2 million square feet including the new Guangzhou Infinitus Plaza (under construction for completion in 2020).<\/p>\n LKK Health Products Group, a HK-based corporation, was established by the Lee Kum Kee Family in 1992. The Group operates diversified businesses in Chinese herbal health products, property investment, Chinese herbs plantation and trading, and venture capital for startups. The trademarks of the Group include \u201cInfinitus\u201d, \u201cTianfangjian\u201d and \u201cHappiness Capital\u201d.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" LONDON, 27 July, 2017 — LKK Health Products Group (hereinafter referred to as the \u201cGroup\u201d) is pleased to announce that on 26 July it has entered into a sale and purchase agreement with Land Securities…<\/p>\n","protected":false},"author":1,"featured_media":3165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[59],"tags":[],"post_types_custom":[50],"featured_image":"https:\/\/devwp.visibleone.io\/p141\/wp-content\/uploads\/2021\/08\/Cover-20-Fenchurch-Street.jpg","download":false,"categories_name":[{"name":"Lee Kum Kee Group","slug":"lee-kum-kee-group","id":59,"link":""}],"acf":[],"yoast_head":"\n
An Excellent Opportunity to Expand the Group\u2019s Real Estate Portfolio<\/strong><\/p>\n
About Infinitus Property Investment (Hong Kong) Limited<\/strong><\/p>\n
About LKK Health Products Group<\/strong><\/p>\n