{"id":1735028,"date":"2015-02-26T10:19:55","date_gmt":"2015-02-26T15:19:55","guid":{"rendered":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/?p=1735028"},"modified":"2015-02-26T10:23:10","modified_gmt":"2015-02-26T15:23:10","slug":"pinnacle-tower-london","status":"publish","type":"post","link":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/pinnacle-tower-london\/","title":{"rendered":"London’s Pinnacle Tower Gets Reboot with New Owner"},"content":{"rendered":"

In a $460 million\u00a0transaction,\u00a0Axa Real Estate Investment Managers<\/a>\u00a0has acquired the London property known as the Pinnacle Tower. Like the “Can of Ham<\/a>,” London’s Pinnacle skyscraper was put on\u00a0construction-hold due to a shaky financial situation in\u00a02011, but\u00a0leaked images<\/a>\u00a0suggest that\u00a0work on the development will begin again.<\/p>\n

\"The-Pinnacle-London_dezeen_784_1\"<\/a><\/p>\n

The tower’s six existing stories\u2014of 63 proposed\u2014will be demolished.\u00a0At 60 floors, the new structure will be a bit shorter, but will\u00a0have more than a million square feet that will house commercial space and offices. It will be called 22 Bishopgate, after its East London address, near Liverpool Street Station.<\/p>\n

\"18959_hr\"<\/a><\/p>\n

Lipton Rogers will take over the development of the site, while architectural charge will be given to PLP Architecture<\/a>.<\/p>\n

\u201cThe acquisition of 22 Bishopsgate represents a significant opportunity to purchase a prime office development site at one of the most desirable office locations in the City of London,\u201d Anne Kavanagh<\/strong>, global head of asset management and transactions at Axa Real Estate, said in a\u00a0statement<\/a>.<\/p>\n

Photos\u00a0courtesy of Dezeen<\/a>\u00a0and KPF<\/a>; additional details courtesy of Dezeen and Bloomberg<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

London’s Pinnacle Tower was put on construction-hold due to a shaky financial situation in 2011, but leaked images suggest that work on the development will soon begin again.<\/p>\n","protected":false},"author":63,"featured_media":1735033,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1749,1],"tags":[],"class_list":["post-1735028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hlrn","category-news"],"acf":[],"yoast_head":"\nLondon's Pinnacle Tower Gets Reboot with New Owner<\/title>\n<meta name=\"description\" content=\"London's Pinnacle Tower was put on construction-hold due to a shaky financial situation in 2011, but leaked images suggest that work on it will begin again.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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