Tai United Holdings, formerly Bestway International Holdings Limited, confirmed the acquisition of 6-9 Buckingham Gate for £112.2m in one of the biggest residential deals of the year. The Hong Kong listed Company, along with its subsidiaries, is engaged in the investment, holding and trading of goods.
Timing appears to have been a key factor in the decision. In its statement the company said that “Brexit and the recent depreciation of GBP provide the Company with opportunity to acquire quality assets in the United Kingdom at attractive prices.”
The property which is located next to Buckingham Palace will be held as a long term investment and will be leased for rental income.
