Chinachem completed the acquisition of One New Street Square from Land Securities Group for $432m.

Chinachem, a property developer, completed the acquisition of One New Street Square from Land Securities Group, a commercial property development and investment company, for $432m. "Through this sale we have been able to unlock capital at a rate that has provided strong returns over our 18 years of ownership. Crystallising these returns enables us to turn towards future opportunities and future growth through balance sheet strength and flexibility," Marcus Geddes, Land Securities Managing Director.