Macau casino executive-cum-lawmaker Angela Leong On Kei has bought a historic building in London’s Aldwych district for about £250 million (US$338 million), informed sources said yesterday.
Leong, who is married to casino magnate Stanley Ho Hung Sun, has completed the purchase of Aldwych House from Rowan Asset Management and GI Partners, the sources said, asking not to be identified because the deal is confidential. The 174,000 square-foot (16,200 square-meter) building near Covent Garden has been leased to tenants including WeWork Cos. and the ROKA restaurant after a recent modernization.
A spokesman for the vendors declined to comment. Representatives for Leong did not return calls and emails seeking comment.
Hong Kong investors have poured into London’s commercial real estate market following the Brexit vote, lured by the cheap pound and lower values than their domestic market. Mainland Chinese and Hong Kong buyers spent almost £4 billion on London commercial property in the first half of the year, up from £2.7 billion in the whole of 2016, according to data compiled by broker CBRE Group.
SJM executive Angela On Kei speaks to The Macau Post Daily about her electoral group’s political platform at L’Arc Macau in Nape last week. Photo: Iong Tat Choi
