Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Simpson's Blackfriars tower in doubt

  • Comment

The future of Ian Simpson Architect’s 52-storey skyscraper project on London’s South Bank is hanging in the balance after the project was put into administration

It is understood the Royal Bank of Scotland has appointed administrators to the One Blackfriars Road project - a join venture between Liverpool-based Beetham Holdings and Russian property company Mirax, headed by property tycoon Sergei Polonsky.

The £500million tower scheme, which was originally 70-storeys but was re-designed in 2006 following criticism from CABE, included 64 luxury flats and a 261-bedroom Jumeirah hotel.

According to the Financial Times administrators BDO Stoy Hayward were called in ‘following the breakdown of the relationship between RBS and Beetham’s Russian partners’.

Although Beetham is hoping to take the outfit out of administration, the site could be sold on with a price tag of £150 million being mooted.

The news comes less than 24 hours after it emerged work is now about to begin on Rafael Viñoly’s £500 million Walkie Talkie tower following a deal struck between Land Securities and Canary Wharf Group.

 

 

 

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.