Feb 28 British Land and joint venture
partner Oxford Properties are in advanced talks to sell the
"Cheesegrater" skyscraper in London, the company said on
Named the Leadenhall Building, the "Cheesegrater" nickname
is derived from its wedge shape.
"It is not certain that these discussions will lead to a
sale of the building," British Land said in a statement.
A source told Reuters in November that British Land was
looking to sell its 50 percent stake in the building, having
fully renting out the office property earlier in 2016.
Oxford Properties, which invests in real estate for OMERS,
one of Canada's largest pension plans, holds the other 50
percent stake in the project.
(Reporting by Esha Vaish in Bengaluru; editing by Jason Neely)