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Rogers' Lloyd’s building set for £260m sale

Richard Rogers’ Lloyd’s building in London is reportedly in line to be sold for nearly £260 million

Chinese life insurance outfit Ping An is to be poised to buy the iconic Grade I-listed building from current owner Commerz Real – according to The Times.

The German real estate company bought the high-profile55,000m2 building for £231 million eight years ago.

In 2011, the futuristic City of London banking headquarters became the youngest Grade-I listed building in the UK.

At the time, English Heritage’s designation director Roger Bowdler describes Lloyds’ as an ‘awe-inspiring futuristic design’, adding: ‘It clearly merits the extra protection against unsuitable alteration or development that listing provides.’

Completed for £75 million in 1986, the 14-storey office block features three main towers and three service towers around a central, rectangular space.

 

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