INDUSTRY NEWS

Companies in talks for London offices at 100 Cheapside

Private property investor and development firm, Quadrant Estates, investment management firm, CarVal Investors and Orion Capital Managers are in talks for the London offices at 100 Cheapside.

Owned by the City of London Corporation, it has been suggested by market sources that a deal worth £25 million could be enough for the building – currently in development phase.

The building could also act as a location for one of technology powerhouse, Apple’s, stores.

There has been some objection to the development; in September some parties suggested that the new building could infringe their right to light.

However, these objections were overruled by local authorities who ruled that the 100 Cheapside development held too much economic importance for work to come to a halt on the development.

Designed by Michael Aukett Architects, 100 Cheapside is set to consist of two basements, a ground floor, as well as a further nine storeys – providing a total of 87,000 sq ft of office and retail space.

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