• 0
  • Home
  • About Us
  • What We Do

Shopping Cart

GPAM
  • Home
  • About Us
  • What We Do

Mysterious billionaire who bought $262M London mansion is obsessed with blockbuster real estate deals

Cheung Chung Kiu is no stranger to big real estate deals (Credit: Wikipedia)
Cheung Chung Kiu is no stranger to big real estate deals (Credit: Wikipedia)

There isn’t much known about the man behind the rumored $262 million purchase of a 45-room mansion overlooking Hyde Park in London, other than he loves shattering real estate records.

In fact, there’s more public information about Cheung Chung Kiu’s real estate dealings than just about any other part of his life, according to Bloomberg.

He set a new price record in Hong Kong in 2015 when he purchased a property on the Peak for $656 million, and the supposed deal for 2-8a Rutland Gate wouldn’t be his first in London.

122 Leadenhall Street in London (Credit: Wikipedia)
122 Leadenhall Street in London (Credit: Wikipedia)

His company CC Land Holdings Ltd. has focused on the U.K. since 2017 and has purchased $2.6 billion worth of towers in London since then. Among its holdings are the so-called “Cheesegrater” skyscraper and an office block in Central London. The firm also has a stake in a former mall near its chairman’s new manse.

Since 2014, CC Land has been slowly shifting its portfolio of long-term assets from Mainland China to Hong Kong and then to the U.K., which has earned him some criticism in China.
Cheung himself is said to be worth at least $1 billion. Along with his own company, he has stakes in at least 15 public companies and sits on three boards.

Cheung grew up in the city of Chongqing before moving to nearby Hong Kong after high school. He built an electronics business and started investing in real estate in the 1990s, according to Bloomberg.

He appears to like his privacy, saying at a 2018 conference in China that his group is “in a lot of investments in China” and that he also invests in his own name, “but you just would not know about it.” [Bloomberg]

The post Mysterious billionaire who bought $262M London mansion is obsessed with blockbuster real estate deals appeared first on The Real Deal Los Angeles.

Powered by WPeMatico

  • 25 January 2020
  • The Real Deal
  • Uncategorized
  •  Like
Low mortgage rates could mean another hot winter in the housing market →← Welcome to affordable San Francisco! Here is your $1,000-a-month basement “sleeping pod”
  • Recent Posts

    • Hoteliers sound the alarm on looming distress  May 24, 2025
    • Growth markets see retail boom even with tariff uncertainty May 24, 2025
    • Westchester resi project gets city OK after union drops objection May 23, 2025
    • WATCH: ‘Father of CMBS’ Ethan Penner to run for governor of California May 23, 2025
    • Fashion Island office fetches $756 psf May 23, 2025
  • Recent Comments

    • Archives

      • May 2025
      • April 2025
      • March 2025
      • February 2025
      • January 2025
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      • July 2024
      • June 2024
      • May 2024
      • April 2024
      • March 2024
      • February 2024
      • January 2024
      • December 2023
      • February 2023
      • January 2023
      • December 2022
      • November 2022
      • October 2022
      • September 2022
      • August 2022
      • July 2022
      • June 2022
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • December 2019
      • November 2019
      • October 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • January 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
    • Global Property and Asset Mangement, Inc.
      137 North Larchmont
      Los Angeles, California 90010
      +1 213-427-1127

    © 2025 GPAM