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

Cheung Chung Kiu also set a record in Hong Kong and has invested billions in the UK

TRD NATIONAL /
Jan.January 25, 2020 04:00 PM
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]


Related Articles

arrow_forward_ios
Vatican police have been raiding church officials’ offices (Credit: iStock)

Vatican police raid another Holy See official over botched London property deal

Fredrik Eklund (Credit: Getty Images)

Fredrik Eklund talks LA condos, the mega-luxury market and patience

Boise, Idaho (Credit: iStock)

These small US cities have exploding luxury markets

Ken Griffin and Calvin Klein’s Hamptons compound (Credit: Getty Images, Google Maps)

Ken Griffin in contract for Calvin Klein’s Hamptons compound

A rendering of The Dime at 209 Havemeyer Street in Brooklyn (Credit: Fogarty Finger)

New city rule requires luxury rental buildings to house homeless families

3 East 69th Street and 252 East 57th Street 

With asking prices in freefall, luxury market sees strong week

Lauren Sanchez and Jeff Bezos with the property at 1441 Angelo Drive (Credit: Getty Images and Redfin)

A $90 million patch of dirt: A look at Jeff Bezos’ other record LA deal last week

1 Central Park South, 1007/1009 and Valery Kogan (inset)

Opulent Plaza Hotel unit listed for $45M

arrow_forward_ios
Loading...