Almacantar, a London-focused property development and investment company founded five years ago, has purchased the building, and is set to change all that.
"Because of the traffic-dominated road system, the local authorities said that they wanted to take some of the land around your building for roads, so the developer said, 'if you want to do that, and therefore take away my land, I have to recover some of the area, and so I want to go higher and slimmer,' and went to 34 floors," said Kathrin Hersl, Development Director of Almacantar.
"With Qatar's prolific and extensive investment portfolio in London with acquisitions such as Harrods and Canary Wharf, we are certain that these apartments (Centre Point) will be of high interest to Qatari investors," Kathrin Hersel, Development Director at almacantar
told Qatar Tribune.
, which has also recently been granted permission in partnership with Frogmore for the $546m ([pounds sterling]350m) regeneration of Centre Point Tower, bought the Marble Arch Tower for $122m ([pounds sterling]80m) from in 2011.
We would like to thank Almacantar
, the property developer who we have been working with, for their work in presenting possible development options to the club," MCC chairman Oliver Stocken said.
The Blues have appointed Mike Hussey, chief executive of Almacantar
, as their development partner and have hired architecture firm Kohn Pedersen Fox to draw up plans for the construction of a 5,0 to 60,0-seater stadium to the south-east of the Grade II listed power station site.
Mike Hussey, managing director of property fund Almacantar
, says yes, new funding models are a must ('You can forget about the banks this year') and so is the need to 'build smarter, cheaper and more efficiently.' But what, asks CABE chairman Paul Finch (second from bottom), would smarter commercial buildings look like?
A spokesman said of Almacantar
's proposal for new apartments: "For now, that option is not on the table."