LONDON — Officially, it is 20 Fenchurch Street. To Londoners, it is the “Walkie Talkie,” so named for its unique shape, with the building bulging out as it rises into the British capital’s skyline.
On Thursday, the 37-story office block was sold to LKK Health Products Group, a Hong Kong-based company best known for making Lee Kum Kee oyster sauce, for 1.3 billion pounds, or about $1.7 billion dollars.
The Walkie Talkie has not always been so coveted.
The building was criticized almost immediately after it opened in 2014. Rowan Moore, an architecture critic for The Observer newspaper, described it as “bloated, not elegant.”
Aside from its aesthetic qualities, the skyscraper also had practical problems. A permanent sunshade had to be installed after the concave shape created a focused glare that, according to complaints, reflected onto roads and damaged vehicles and buildings.