Chinese life insurer eyes up Lloyd’s of London building

Kasmira Jefford
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THE CITY’S iconic Lloyd’s building is close to being sold to the Chinese life insurance firm Ping An for around £260m, it is understood.

The 1 Lime Street property, also known as the so-called Inside-Out building because of its lifts and ducts which are exposed on the outside, is home to insurance market Lloyd’s of London and other tenants including Regus. The building was conceived by Richard Rogers, the architect whose firm designed the Cheesegrater and One Hyde Park. It is owned by German investor Commerz Real, who have been looking to sell the site since 2011, according to a report in The Times.

All parties declined to comment.