Kirsh’s family office is understood to be in advanced talks to buy Natwest’s former headquarters on Old Broad Street, which would mark Kirsch’s first deal since selling a 29 per cent stake in property firm Minerva earlier this year at a huge profit.
Kirsh’s investment vehicle KiFin bought into the debt-laden company when the shares were at the bottom of the market at between 15p and 23p. He then launched a bid, which was rejected by shareholders as too low. Minerva was taken by a consortium led by Delancey in August.
Tower 42, which is joint-owned by LaSalle Investment Management, Blackrock’s UK property fund and Hermes Real Estate, was put up for sale again in September with a price tag of around £290m.
The owners tried to sell the tower and its four adjacent buildings last year for £300m to the chinese billionaire Joseph Lau’s Chinese Estates but the deal collapsed.
Selling agent Jones Lang LaSalle was unavailable for comment last night.