As Brookfield construction workers seal the foundations of the 64-story Pinnacle office tower in London England, the company gets ready to construct an even higher tower in the City of London…
Brookfield Asset Management Inc., owner of a stake in the U.K.’s tallest building, is about to start constructing an even higher tower in the City of London.
The 64-story Pinnacle is currently the only major office project scheduled for completion after 2012 in the City, the capital’s main financial district.
That may be about to change.
Brookfield is seeking a site to build another office tower, this time as developer. Land Securities Group Plc, the U.K.’s largest real estate investment trust, is preparing to revive a skyscraper project it shelved two years ago.
Read the full article, “City of London Developers Start Skyscrapers as Rents End Slide” at Bloomberg (March 9, 2010).