13/04/2010 18:30
City of London's oldest skyscraper to be auctioned for £300m
Tower 42, the first skyscraper built in London’s main financial district, known as City, was put on sale for £300 million as its owners seek to take advantage of the 12-month gain in property values.
After 12 years of ownership, owners said on Tuesday that they wanted to sell the 600ft former Natwest tower and five other buildings on the 2.2-acre plot on which it stands.
The tower is expected to fetch £300 million.