The People's Republic of China wrapped up the purchase of the 5.4-acre Royal Mint Court site on Little Tower Hill in London's East End, from a joint venture between client funds of real estate investment advisory company Delancey and the LRC Group.

China plans to convert the iconic site into its new embassy.

CBRE and Addleshaw Goddard advised the People's Republic of China on the deal. Savills aided in facilitating the deal on behalf of Delancey and LRC.

The clients of Delancey and LRC Group were advised by Mishcon de Reya, Knight Frank, BH2.