London, the capital city of England, is an icon of the modern world. With its rich history and vibrant culture, it has become a global hub for business and tourism. However, one question that often arises in the mind of people is – Who Owns London House?
Introduction
London House is a historic building located in the heart of London’s financial district. It was built in 1921 and has served as the headquarters for many renowned companies over the years. The building has undergone several renovations over time to keep up with modern standards, but its original facade remains intact.
Ownership History
The ownership history of London House is quite intriguing. The building was originally owned by a British shipping company called P&O (Peninsular and Oriental Steam Navigation Company). P&O was one of the largest shipping companies in the world at that time and had a significant presence in London.
However, during World War II, P&O suffered significant losses due to the war’s impact on global trade. As a result, it had to sell off some of its assets to survive financially. In 1941, P&O sold London House to a group of investors led by Sir Isaac Wolfson.
Sir Isaac Wolfson was a Scottish businessman who made his fortune from retail. He acquired several struggling businesses over time and turned them into successful ventures. He also had an interest in real estate and saw an opportunity in buying London House.
In 1984, Sir Isaac Wolfson passed away, and his estate inherited London House. The estate decided to sell the property in 1986 to a Japanese corporation called Dai-Ichi Mutual Life Insurance Company.
Dai-Ichi Mutual Life Insurance Company owned London House for over two decades before selling it to another Japanese corporation called Mitsubishi Estate Co., Ltd.
Current Ownership
As of today, Mitsubishi Estate Co. owns London House. Mitsubishi Estate Co. is one of the largest real estate companies in Japan and has a significant presence in London’s property market.
The company has continued to maintain London House’s historic facade while modernizing its interiors to meet the needs of modern businesses.
Conclusion
In conclusion, London House has changed hands several times over its almost 100-year history. From P&O to Sir Isaac Wolfson’s estate to Dai-Ichi Mutual Life Insurance Company and finally, Mitsubishi Estate Co. The building has seen many owners, but its iconic facade remains a testament to its rich history.
Today, London House continues to be an important landmark in London’s financial district and a symbol of the city’s past and present.
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