WCBS 880's Peter Haskell at the site of the old Deutsche Bank Building. The former 40-story tower has been reduced to just the steel framework of the first floor.

Two consortia of investors are through to a second round of bidding for Deutsche Postbank’s €1.9bn “Project Tower” loan book.

GE Capital Real Estate has been selected as the preferred party to buy Project Tower, Deutsche Postbank’s £1.3bn book of UK performing commercial property loans.