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| 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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