Lloyd’s building sold for £260m

Kasmira Jefford
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ONE OF China’s largest life insurance companies Ping An has bought the iconic Lloyd’s Building in the City for £260m.

The 1 Lime Street property, also known as the Inside-Out building because of the lifts and ducts on the outside, is home to insurance market Lloyd’s of London and other tenants including Regus.

Ping An bought the building from a fund managed by German investor Commerz Real, which purchased it in 2005 for £231m.