Oct 15, 2012
100 Bishopsgate construction site Oct 2012 5 on Flickr.
Brookfield’s property arm is upping its stake in a stalled tower at 100 Bishopsgate in the City of London. Great Portland Estates has agreed to sell a 37.5% interest in The 100 Bishopsgate Partnership which was a 50:50 joint venture with Brookfield Properties Corporation. Brookfield is paying £47.2m in cash for the stake with a further £15.74m due on completion and equal payments of £15.74m in October 2013 and April 2014. Groundworks have been completed at the site near Liverpool Street Station which will be home to a 40-storey tower built by Brookfield Multiplex when the scheme restarts once potential tenants come forward.
#55 storeys#100 Bishopsgate London EC2#172 m#220HS#Allies and Morrison Architects#architect#Architects#Bishopsgate#building#Buildings#Camomile Street#Canon#Canon Ixus 220#Capital City#city#City of London#construction site#EC2R#England#Eye-Fi#Gherkin#Ixus#ixus220HS#landmark#London#London EC2#skyscraper#Square Mile#The Square Mile#UK
