Hong Kong Tycoon Cheung Chung-kiu Snaps Up London's Most Expensive Home For HK$2.1 Billion
Cheung Chung-kiu, founder and chairman of Hong Kong-listed company CC Land Holdings, is in the process of closing a deal to buy a 45-room mansion in Knightsbridge for a record price of US$275 million (approx. HK$2.1 billion), making it the UK’s most expensive house sale and one of the most expensive homes in the world.
Cheung, who already owns the the HK$11 billion Leadenhall Building (better known as “Cheesegrater”) in London, has yet to decide whether the 62,000 square-foot mansion will remain a single house for private use or convert into luxury apartments, which could be sold off for some HK$7 billion.
The seven-storey property overlooking Hyde Park was once the home to billionaire businessman Rafic Hariri, the former prime minister of Lebanon. Its latest owner had been Prince Sultan bin Abdulaziz Al Saud who died in 2011.
Located just south of Kensington Gardens, the house features 45 rooms including luxurious bedrooms and extravagant dining rooms designed by acclaimed French designer Alberto Pinto.
The Knightsbridge house is not the only property Cheung invested in the UK, as CC Land Holdings has been active in the country since 2016. Here are Cheung’s other investments, plus the most expensive house in Hong Kong you should know about.
The Travelodge Hotel (434 million)
Bought by YT Realty—a Hong Kong-based investment holding company which Cheung chairs—in 2016, the Liverpool Street Hotel of Travelodge in Central London is a 142-bedroom, 45,000 square-foot, six-storey hotel complex.
Vodafone's Paddington Headquarters (HK$3 billion)
CC Land Holdings bought One Kingdom Street, the Paddington headquarters of Vodafone, for £290 million (approx. HK$3 billion) in 2017.