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The Guardian: "London office developments 'at risk from eurozone crisis'"

Link to The Guardian

"A property consultancy has warned that more office developments could stall in the City of London as the eurozone debt crisis affects tenant demand and funding.

"...  Developer Hammerson suffered a blow last month when law firm CMS Cameron McKenna pulled out of a partial pre-let at Principal Place in the City. At about the same time, work on the £800m Pinnacle tower on Bishopsgate stalled again. Funding from a group of lenders including HSBC hinges on the developer, Arab Investments, pre-letting a large chunk of the planned 63-storey building."

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