City of London News

AXA’s Property Unit to Develop Tallest Skyscraper in City of London

AXA Investment Managers – Real Assets, the property unit of Europe’s largest insurer, won approval from the City of London borough to develop an office tower at 22 Bishopsgate near the skyscrapers nicknamed The Cheesegrater and The Gherkin. The 62-story …

UK Elects the Conservatives, but Question of EU Status Remains

“Heavy Fog In Channel. Continent Cut Off.” That often quoted newspaper headline, which dates from at least the 1930’s, captures the ambivalent feelings the British have about their European neighbors. Despite seismic changes, there’s still a significant portion of the …

AXA Sees Opportunity in Abandoned London Skyscraper, the Pinnacle

When work halted on the Pinnacle tower in the City of London, most investors saw little more than an abandoned site. AXA Real Estate Investment Managers viewed it as an opportunity. “The foundation exists at this building. This is one …

AXA Buys London Pinnacle Site for Redesigned Skyscraper

AXA Real Estate Investment Managers, the property unit of France’s AXA Group, has bought the London site of the halted Pinnacle skyscraper and plans to build a tower of its own design. The building at 22 Bishopsgate will have more …

EU’s Justice Chief Reding Warns UK Exit Would Isolate City of London

London’s financial services center would lose access to the wider European Union should Britain quit the bloc, the EU’s justice chief said on Monday, warning that such a move would reduce its status to that of an offshore center. Viviane …