Chinese tycoons top list of Britain's richest property investors
Wang Jianlin and Cheng family top rich list as Duke of Westminster falls down asset rankings
Tycoons from China have come from nowhere to top the list of the UK's wealthiest property investors for the first time, ending the Duke of Westminster's 10-year reign at the No1 spot.
China's richest man, Wang Jianlin of the Dalian Wanda group, topped the 2013 with an estimated fortune of £10.4 billion (HK$131 billion), closely followed in the No2 spot by New World Development chairman Henry Cheng Kar-shun and his family at £10.2 billion.
Neither Wang nor Cheng appeared in the top 250 last year.
The shake-up comes as the London property market sees more Asian money flow in, according to the 155-year-old magazine that compiled the list.
"London is such a transparent market, with iconic buildings, and with the new land opened up, we have overseas buyers flooding into the market," said Noella Pio Kivlehan markets editor of .