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Axa Sun Life Properties

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Refurbishment plan in EC4

West End space update

MEPC includes Centre Point in portfolio sale

J&H Marsh & McLennan still to decide on developer

Developers shortlisted for Bowring Tower

Skanska sells to Axa Sun Life

Skanska, the Anglo-Swedish construction group, has sold its last two investment properties in London to AXA Sun Life for just under £91m. The two developments are at Thomas More Square, E1 and 55 King William Street, EC4. The 22,000 sq m (236,840 sq ft) Trinity Tower at Thomas More Square, overlooking St. Katharine Docks, completes the bulk of Skanska's sale of the development, which began last year. The King William Street property comprises 5,839 sq m (62,859 sq ft) of offices with some retail and leisure uses. Frederick Wirdenius, President of Skanska's Project Development Europe said: ‘These two sales, which made a profit for Skanska of £34 million, represent the completion of Skanska's divesting of its real estate portfolio in London. It also creates possibilities for continued investments in other attractive growth areas in Europe.’ - (11-05-2001)

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