(Yicai Global) Dec. 19 -- The office spaces in London, Britain, are clearly the favorite of investors in the Chinese mainland and Hong Kong. Chinese buyers have frequently snapped up many London properties in recent years. Now another Chinese buyer, Kingboard Chemical Holdings Ltd. [HK:0148], a Hong Kong laminate maker, acquired the financial consulting firm KPMG 's headquarters in Canary Wharf, London.

The company's subsidiary Wide Earnest Ltd. is planning to acquire a leasehold property at 15 Canada Square in Canary Wharf, London, from KPMG and its real estate affiliate KPMG CW Properties Ltd., the Hong Kong listed firm said in a statement on Dec. 15.

It will cost Wide Earnest GBP400 million (USD535 million). Upon completion of the deal, Wide Earnest will lease the property to the seller KPMG for a period of 25 years with an annual rent of GBP18.13 million, the statement added.

Established in 1988, Kingboard Chemical has grown its business from copper clad laminates to printed circuit boards, chemical products and real estate.

The property is located in London's famous Canary Wharf area, which is one of London's most important financial and shopping districts.