CC Land Holdings, backed by a Hong Kong property tycoon, has paid £1.15 billion ($1.42 billion) for a London skyscraper in one of the city’s largest-ever real estate deals, The Wall Street Journal reports.

British Land and Oxford Properties Group, the real estate arm of Canadian pension fund Omers, said on Wednesday that they had sold the Leadenhall Building, known locally as the “Cheesegrater”.