One of the City of London’s most recognisable office towers is going up for sale, carrying a near-￡1bn price tag that will test investor appetite for a market buffeted by coronavirus.
The Scalpel is being marketed to potential buyers for about ￡820m by current owners WR Berkley, the American insurance group, said people with knowledge of the deal.
If it achieved that price, it would be the most expensive office building sold in London since Citigroup bought its Canary Wharf offices for more than ￡1bn in April last year from Middle East-backed private equity group AGC Equity.
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