Land Securities have made a deal with Chinese investment conglomerate Fosun International Ltd for the sale of the Thomas More Square complex. Fosun is using Resolution Property Investment Management, to buy the London complex from Land Securities, the source said on Tuesday.
The Thomas More Square complex was built in 1990 and is situated near St Katharine Docks, Wapping, north of the river Thames. It has more than half a million square feet of office space and about 40,000 square feet of retail space.
The complex was home to part of Rupert Murdoch’s UK media empire for nearly 30 years until the tycoon broke News Corp’s historic ties with Wapping in 2014 and moved his UK newspaper business to a different Building.