The £285 million sale of London's iconic Tower 42 to South African property billionaire Nathan Kirsh today heralded a frantic burst of wheeler-dealing on City property in the weeks ahead. Read the full article in Evening Standard: http://www.thisislondon.co.uk/standard-business/article-24011464-tower-42-sale-to-spark-flurry-of-big-city-property-deals.do
18/11/2011 15:51 by Buildington
Tower 42 has gone on the market at a discount of 3% from the price its current owners attempted to sell it for around 17 months ago in 2010.
Funds that are managed by both LaSalle Investment Management and BlackRock Inc are seeking "in excess of" £290 million (which amounts to around US $457 million) for the tower and five other buildings that are situated on the 2.2-acre site.
19/09/2011 17:54 by Buildington
Tower 42 owners have invited 4 architecture companies to come up with ideas on how the area at the base of the building can be modernised to better connect with the City of London.
Avery Associates Architects, Amanda Levete Architects, Hawkins Brown, and Tony Fretton Architects are drawing up plans to improve the links and public realm around the Richard Seifert-designed building, formerly the NatWest Tower, which at 183m was the tallest building in London for 10 years following its opening in 1980.
Read the full article in bdonline.co.uk: http://www.bdonline.co.uk/news/architects-invited-to-revamp-tower-42-base/5021867.article
29/07/2011 13:22 by Buildington