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Ronson eyes payout as Chinese mull £750 million bid for Heron Tower

Topping-Out Ceremony For The City Of London's Tallest Building

Gerald Ronson’s Heron Tower in the City could fall into Chinese hands for a whopping £750 million, it emerged today.

The industry veteran’s 46-storey skyscraper is likely to be sold to Chinese insurer Anbang Insurance, Estates Gazette claims.

The deal continues the march of Chinese insurers over the London property scene which began more than two years ago when the iconic “inside-out” Lloyd’s Building was snapped up by fellow insurer Ping An.

The Heron Tower has 440, 000 sq ft of offices and two of London’s most upmarket restaurants and bars — Sushi Samba and Duck & Waffle — and the largest private aquarium in the world…. READ MORE

STANDARD UK by RUSSELL LYNCH

 

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