London Skyscraper "The Scalpel" goes on sale for £820m

In this time of the Corona Virus Pandemic, many sectors of the global economy has been negatively affected by the impact of the Virus but real estate is not one of those sectors, intact the the real estate sector, the reverse seems to be the case and this book is expected to last for as long as the end of 2021, more about this would be published in a separate post in this blog in the nearest future.

One of London's most iconic office towers has been put up for sale in the heart of London City, the building was completed in 2018 and was nicknamed 'The Scalpel' because of it's distinctive shape which resembles a scalpel, the Skyscraper is 620ft (190m) tall and has 38 storeys, it took just 3 years to construct and total cost is estimated to be £500 million.

The Scalpel at 52 Lime Street is on the corner of Lime Street and Leadenhall Street, opposite the Lloyd's building and adjacent to the Willis Building. The Skyscraper is presently mainly occupied by W. R. Berkley and is the firm's new European headquarters, occupying approximately one-quarter of the total office space, Other tenants that have leased space include Axis Novae, National Australia Bank, Morrison & Foerster, Britannia Financial Group, and Convex.

When the building is successfully sold, it would go on record to be the most expensive building sold in the heart of London, it is speculated that the likely buyers would be Asian investors because they have been shown lately to have more and more interest in London real estate space in recent times.

The Scalpel would be better placed than most commercial office buildings because it is a Skyscraper, a Tower and an Icon in the London real estate space.