Developers Form JV for Walkie-Talkie Tower

19 October 2010 (Last Updated October 19th, 2010 18:30)

Land Securities has formed a joint venture with developer Canary Wharf Group to build the Walkie-Talkie Tower in London, UK. The two companies will be joint developers of the 36-storey tower and construction will begin in 2011, according to Bloomberg. Canary Wharf Group said

Land Securities has formed a joint venture with developer Canary Wharf Group to build the Walkie-Talkie Tower in London, UK.

The two companies will be joint developers of the 36-storey tower and construction will begin in 2011, according to Bloomberg.

Canary Wharf Group said it may sell a 35% state in the Walkie-Talkie project to its main investors, which include Qatar Holding, China Investment Corp and Morgan Stanley Real Estate Funds.