Landmark deal on the Isle of Dogs

15th July 2016

A 72-storey residential skyscraper on the Isle of Dogs has moved closer to fruition, after City Pride, the owner of the site, agreed a £320m development loan. JTC Group acted as administrators for the Landmark Pinnacle project, set to be one of the biggest residential towers in Europe, comprising 162 serviced flats and 752 private flats. Paul Lawrence, international head of real estate at law firm Taylor Wessing, which acted for City Pride on the deal, said: “This transaction is proof that the market for London assets is still strong and that post Brexit and with it the accompanying economic uncertainty, there is still appetite if the right deal is to be had on the right asset”.

Property Week (12/07/2016)