High Performing Buildings – July’s Roundup
ThisWeekinFM’s high-performing buildings roundup includes new plans for the Square Mile’s third tallest tower, a new life sciences building at Canary Wharf...
Read Full ArticleFTI Consulting has been appointed joint administrator of 5 Churchill Place Management Company.
The 313,000-square-foot, 12-storey office block was purchased for £270 million by Cheung Kei Group in 2017. The building was once occupied by Bear Stearns, which was acquired by JPMorgan after the financial crisis in 2008.
According to mingtiandi.com, Cheung Kei had hoped to find a buyer for 5 Churchill Place for £260 million.
FTI Consulting told Property Week that the existing property manager, BNP Paribas Real Estate, would remain in place to ensure the building continued to operate as usual.
Completed in 2009, the building was designed by HOK Architects and was built over an existing 1990s underground car park and plant rooms. It became HOK London's first project to be designed and constructed with the aid of Revit and BIM.
Picture: a photograph of the foyer at 5 Churchill Place Image Credit: Knight Frank
Article written by Ella Tansley | Published 31 May 2023
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