Mammoth Project That May Turn Into a White Elephant ; On Property

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MARK Morris and Maurice Golker have a very big decision to make in the coming weeks. This virtually unknown pair of property investors control a major site in the City. They are on the verge of submitting plans for a huge office block on the 2.8 acres of land in EC3. But is building a huge office block a terribly bright idea right now? Morris and Golker have quietly built up a Pounds 600 million property business called Investream since they left agents Jones Lang LaSalle, where they looked after very rich clients, in 2002. A visible measure of their success is that the new business, which operates out of offices in Wigmore Street, set aside Pounds 5.7 million for charitable donations in the two years to April last year.

Over the past seven, years the duo has spent several hundred million quietly buying up freeholds on a wedgeshaped site bounded by Leadenhall, and Fenchurch and Billiter streets. Right now the plot, which comes to a point where Leadenhall and Fenchurch streets converge, contains a subprime collection of Victorian and Seventies architecture.

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Mammoth Project That May Turn Into a White Elephant ; On Property

The vision to build a piece of 21stcentury prime design finally came together in 2006 when Invest...

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