Tower 42 is set to be the next landmark office building to go under the hammer in the commercial property market. The Sunday Telegraph.
Hermes Property Asset Management which owns a 49% stake in the £400m building, is understood to be preparing to put it on sale on November 5 through Jones Lang LaSalle.
It will be the first real test of the market since the HSBC Tower, in Canary Wharf, was sold for £1bn before this summer’s credit crisis.
Central London developer CO-RE has hired Alex Parsons as a senior development manager as it gears up to deliver a series of London projects.
Logicor has secured two new long-term leases, for 280,354 sq ft of Midlands logistics space, with Super Smart Service, an e-commerce fulfillment business.
Clarendon Fine Art has taken space at 117 Long Acre, Covent Garden for its latest gallery in the capital.
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