Our team instructed to value the site for one of the tallest buildings in the City of London

Our Commercial Valuation department was instructed by Eurohypo AG London Branch to value the site for a new landmark building for loan security purposes.

Planning permission for the redevelopment of the site was secured in April 2006 encompassing the demolition of the existing office buildings and the construction of a landmark, highly specified office tower to be arranged over 46 storeys. The scheme will also incorporate restaurant and retail facilities. When complete, Heron Tower will be one of the tallest buildings in the City at 202 metres in height (242 metres including the mast).

The Tower, designed by Kohn Pedersen Fox Associates, will provide office accommodation over 36 dedicated floors. Within these, the building will comprise independent office ‘villages’. The offices are to be fitted to a world class, Grade A specification and the developer, Heron International, intends to provide building services of a ‘six star’ standard.

Foundation works for the Tower’s construction have commenced and completion of the project is anticipated in Q1 2011.

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