The controversial Walkie Talkie tower in the City of London has commanded a record-breaking price for a single building in the UK – £1.3bn in a sale to a Hong Kong manufacturer of oyster sauce. London's Walkie Talkie building sold for record-breaking £1.3bn Read moreThe Lee Kum Kee condiment company is a fitting arrival to the Square Mile’s sky-high dinner party, where the Gherkin and Cheesegrater await the arrival of the squat Can of Ham. Neither was the Walkie Talkie, but that didn’t prove to be an obstacle. “But no asset is sacrosanct and this is a price at which we have to sell it. Standing as the comedy villain of the City, like a broad-shouldered banker bursting out of a cheap pin-striped suit, it is only fitting that the Walkie Talkie should reap the biggest bounty in history – representing a profit of 167% on the development cost.

Source: The Guardian July 27, 2017 16:52 UTC