PwC London headquarters are set to be rebuilt, as part of a £80 billion property investment project.
Construction finance will be lavished on the current headquarters of PricewaterhouseCoopers (PwC) in a major rebuilding project in the centre of London.
Sir David Murray's property business Premier Property Group (PPG) has submitted plans to rebuild the Plumtree Court site, increasing its size by 100,000 sq ft.
Some £80 million is being spent on the
property investment, although PPG reportedly still needs to find
sources of finance to support the project.
PPG director Lynne Higgins explained: "The last 18 months have been hugely challenging.
"Our priority has been on stabilising the business and focusing on intensive asset management of the portfolio."
The PwC lease at the property is set to come to an end in December 2011 and will be replaced with a new ten-storey, 300,000 sq ft development.
PPG first purchased the property in 2006, in a joint venture with Bank of Scotland.
Posted by Lisa Fear
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