The Kuwaiti government is plotting a £1.5bn bid to buy More London complex, the site of London mayor Boris Johnson’s City Hall HQ.
According to the London Evening Standard, the complex is owned by American businessman Dikran Izmirlian’s London Bridge Holdings. Izmerlian is reportedly known to be seeking refinancing options for the £740m debt the company holds against the More London complex.
However, the sale to St Martins, the property investment vehicle of the Kuwaiti government, is known to be a favoured option.
Other London properties owned by St Martins’ include the Willis building in the City and 5 Canada Square at Canary Wharf.
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