Heron may buy Tower 42

GERALD Ronson, the property tycoon currently building the Heron Tower, was named as a surprise bidder for Tower 42 in reports over the weekend.

The tower, the tallest completed building in the City at 600ft, was put up for sale by owners BlackRock and Hermes in April.

A spokesperson for Heron International, Ronson’s private property company, refused to comment on the reported bid, telling City A.M. that “Heron are always actively looking at properties in the market”.

Tower 42 is on the market for around £300m, as its owners try to cash in on a resurgence in property prices. It is seen as a bellwether of high-end City rents, having commanded £70 per square foot in 2007.