TOWER 42 SNAPPED UP FOR £282.5M

NATHAN Kirsh, the South African property investor, has bought City skyscraper Tower 42 from BlackRock UK Property Fund and LaSalle Investment Management for £282.5m.

The acquisition of Natwest’s former headquarters on Old Broad Street, one of the tallest office buildings in London, marks Kirsh’s first deal since selling a 29 per cent stake in property firm Minerva earlier this year at a massive profit. Meanwhile Japanese property company Mitsui Fudosan has joined forces with Stanhope to buy the 70 Mark Lane in the City for £19.5m, which come with planning permission to build a £100m office tower. The firms hope to complete the building in 2014.

Picture: REUTERS