Search
 

Axa seeking profit in abandoned foundations of London skyscraper

When work halted on the Pinnacle tower in the City of London, most investors saw little more than an abandoned site. Axa Real Estate Investment Managers viewed it as an opportunity.

By Neil Callanan | Updated on March 18, 2015

(Bloomberg) — When work halted on the Pinnacle tower in the City of London, most investors saw little more than an abandoned site. Axa Real Estate Investment Managers viewed it as an opportunity.

“The foundation exists at this building. This is one thing we like a lot” because it will allow faster completion than rival projects, Pierre Vaquier, chief executive officer at the property unit of Europe’s largest insurer, said in a March 10 interview.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.