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Administrators Appointed for Canary Wharf’s 5 Churchill Place

Administrators Appointed for Canary Wharf’s 5 Churchill Place
31 May 2023
 

FTI 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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