Qatar-owned London skyscraper 50% let

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the-shardWestern Europe’s tallest skyscraper, the Shard in London, built by Qatar’s royal family, is now 50 per cent let a year after its opening in 2013 – a sign, analysts say, of an improving office rental market, Arabian Business reported. Six new tenants mean that eight of 26 floors of offices in the tapering glass tower will be occupied this year, the Shard’s real estate managers said. Its 13 floors of apartments have yet to be offered to potential residents.

Designed by architect Renzo Piano, its 72 habitable storeys house six companies including Qatar-based broadcaster Al Jazeera and the world’s largest hospital group, Hospital Corporation of America. New York-based investment bank Duff & Phelps, an intellectual property law firm, a venture capital group and an energy company are the other tenants.

The 87-storey tower It stands beside by a smaller office block called The Place, also designed by Piano, which will host media tycoon Rupert Murdoch’s News Corp. Restaurants Oblix, Aqua Shard and Hutong moved into the tower last summer, and its top floors are reserved for visitors who can pay £30 to see the highest view of London. From May 2014, the Shangri-La Hotel will occupy floors 34 to 52.

The elongated pyramid competes for business with other skyscrapers such as the “Walkie Talkie” and the “Cheese Grater”, nicknamed for the silhouettes they cast on the skyline. Although developer Sellar Property Group has struggled to attract tenants, Qatar is ploughing on with the expansion of its London property empire and the $3.3 billion development project next to London Bridge station. Only last month it announced plans to build a 27-storey residential tower next to the Shard.

 

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Reading Time: 2 minutes

Western Europe’s tallest skyscraper, the Shard in London, built by Qatar’s royal family, is now 50 per cent let a year after its opening in 2013 – a sign, analysts say, of an improving office rental market, Arabian Business reported. Six new tenants mean that eight of 26 floors of offices in the tapering glass tower will be occupied this year, the Shard’s real estate managers said. Its 13 floors of apartments have yet to be offered to potential residents.

Reading Time: 2 minutes

the-shardWestern Europe’s tallest skyscraper, the Shard in London, built by Qatar’s royal family, is now 50 per cent let a year after its opening in 2013 – a sign, analysts say, of an improving office rental market, Arabian Business reported. Six new tenants mean that eight of 26 floors of offices in the tapering glass tower will be occupied this year, the Shard’s real estate managers said. Its 13 floors of apartments have yet to be offered to potential residents.

Designed by architect Renzo Piano, its 72 habitable storeys house six companies including Qatar-based broadcaster Al Jazeera and the world’s largest hospital group, Hospital Corporation of America. New York-based investment bank Duff & Phelps, an intellectual property law firm, a venture capital group and an energy company are the other tenants.

The 87-storey tower It stands beside by a smaller office block called The Place, also designed by Piano, which will host media tycoon Rupert Murdoch’s News Corp. Restaurants Oblix, Aqua Shard and Hutong moved into the tower last summer, and its top floors are reserved for visitors who can pay £30 to see the highest view of London. From May 2014, the Shangri-La Hotel will occupy floors 34 to 52.

The elongated pyramid competes for business with other skyscrapers such as the “Walkie Talkie” and the “Cheese Grater”, nicknamed for the silhouettes they cast on the skyline. Although developer Sellar Property Group has struggled to attract tenants, Qatar is ploughing on with the expansion of its London property empire and the $3.3 billion development project next to London Bridge station. Only last month it announced plans to build a 27-storey residential tower next to the Shard.

 

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