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China Agrees to Buy Complex Near Tower of London for Embassy

Tower of London

Tower of London

Photographer: Luke MacGregor/Bloomberg

China agreed to buy an office complex on the edge of the City of London financial district and plans to turn it into its new embassy for the U.K.

The sale price for the complex, which includes the former Royal Mint, wasn’t disclosed in a statement Friday from the vendors, Delancey and LRC Group. The site, across from the Tower of London, has planning approval to build more office space than the nearby Gherkin skyscraper, as well as retail space.