Home Commercial Property Chinese firm to snap up Lloyd’s of London building for £260m

Chinese firm to snap up Lloyd’s of London building for £260m

by LLP Editor
11th Apr 13 10:44 am

Chinese life insurance firm Ping An is in talks to buy London’s iconic Lloyd’s of London building for £260m.

Nicknamed ‘Inside-Out building’ for its lifts and ducts exposed on the outside, the building was designed by One Hyde Park architect Richard Rogers.

Speaking about the impact the sale will have on Lloyd’s, a market spokesman told Post, “Lloyd’s is aware of the possible sale of the building but it’s not an issue that impacts us,” a market spokesman told Post.

“We haven’t owned the Lloyd’s building since 1996 but have the right to stay as a tenant in perpetuity.”

The building is owned by German real estate giant Commerz Real who has been looking for buyers for the site since 2011, The Times has reported.

 

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