Slovakia’s JTRE is understood to be one of three bidders battling it out to secure an Aldgate office development site being sold by 4C Hotels and Transport for London.
Another of the bidders is thought to be an American life sciences company.
The site, close to Aldgate Underground station, has planning permission for a 14-storey, 220,000 sq ft office building.
It is located on 4C’s 500,000 sq ft Minories Estate scheme, EC3, where the firm is turning the existing 16 Minories into a Canopy by Hilton Hotel and delivering a 15-storey residential building to provide 87 homes. The entire scheme has a gross development value of £300m.
More than 10 bids were initially received for the central London plot of land, known as 60 Aldgate.
Bidders linked to the potential £40m sale being conducted on behalf of 4C Hotels and TfL by Allsop include Great Portland Estates, Helical, Landsec and Nuveen.
Howard Kauffman, consultant for commercial investment at Allsop which is conducting the search for a development partner for 4C Hotels, said: “The scheme has attracted strong interest from UK and overseas bidders who see this as an excellent opportunity to get into a next generation development. No decision has yet been made.”
JTRE declined to comment.
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