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marcfaubeau

Jul 18, 20221 min read

Axa purchases skyscraper lease

The City of London is set to get a new £1bn skyscraper after the investment division of Axa bought a 250-year lease for 50 Fenchurch Street from. Axa IM Alts intends to build a 36-storey building, which will have grasses and plants running down one side of it. Planning consent has been secured. Work on the 150m high building is due to start in 2024. It will offer 650,000 sq ft of office space and some retail and dining units at ground level.

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