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Heron Tower to sell?

by Deleted Subscriber Content
19th Sep 13 9:51 am

London’s Heron Tower may be put back up on the market following a shareholder dispute.

According to media reports, investors have clashed over plans to refinance a £315m loan from a group of banks led by Wells Fargo. If the block is put back on the market, investor demand is expected to be high despite the building only being about 60% let.

Heron tower was completed in 2011 and was the tallest building in the Square Mile until this year. It has been funded by property magnate Gerald Ronson, the Omani sovereign wealth fund, as well as a collection of Saudi royals.

 

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