Farhi Holdings Acquires Market Tower in London

March 24, 2010 at 2:07 pm Leave a comment

He just keeps adding to his already huge portfolio. Do other developers even exist in the downtown??

After two decades of attempting to buy the property, London developer Shmuel Farhi has acquired the historic Market Tower building on Dundas St. “I was looking at this building for the past 20 years and I’m glad we are able to put it to sleep and add to our holdings in downtown London. We believe in the downtown,” Farhi, head of Farhi Holdings Corporation, said. Farhi said Market Tower is a beautiful building.

The Market Tower Building is a strategic purchase for the company, giving Farhi control of the west side of Richmond between Dundas and King Streets. Farhi Holdings owns the Royal Bank building on Dundas. The two properties have more than 350,000 square feet of office space. The Market Tower building at the corner of Dundas and Richmond Streets was a focal point for the downtown when it was the Simpsons department store.

Farhi Holdings other downtown London properties include:

  • TD Canada Trust building at 220 Dundas St.;
  • 201 Queen’s Ave.;
  • Bell building at 100 Dundas St.;
  • Duffield Building at 215 Dundas St.;
  • Wright Litho building at 424 Wellington St.; and,
  • The former Royal Trust Building at 137 Dundas.

Source: LFPress.com

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Entry filed under: London. Tags: , , , .

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