Wed, 19 Jun 2013 | COMMERCIAL PROPERTY
A unique commercial property in London's Square Mile looks set to come on to the market after the owners have appointed GM Real Estate to advise on either refinancing or sale options, reports from The Times have revealed.
Number One Poultry, which is currently home to Aviva and rooftop restaurant Coq d'Argent, was designed by Sir James Stirling and boasts a prime location overlooking the Bank of England and the Royal Exchange.
The unusual building, which includes a pink and yellow limestone cladding, was built after its architect's death and caused some controversy since its construction was only possible after the developer – Peter Palumbo – demolished the historic premises of Mappin & Webb.
A campaign to save the jeweller's building gained the support of the Prince of Wales. However, the building was eventually demolished and Number One Poultry was erected in 1997, five years after its architect's death.
The building is currently owned by Heinrich and Michael Feldman and is likely to attract significant levels of interest thanks to its status as a trophy building in the City.
Its main tenant, Aviva, has a lease that expires in 2015 and it is unclear whether or not the insurance group will renew its tenancy as yet. Regardless, the status and location of the building is sure to guarantee that its new owners won't be short of tenants.
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