SOUTH African billionaire property investor Natie Kirsh is poised to become the new owner of Tower 42, the tallest occupied skyscraper in London, after BlackRock UK Property Fund, Hermes Property Unit Trust and Royal Mail Pension Plan agreed to sell it to his Kirsh Group for £282,5m.
BlackRock UK Property Fund, Royal Mail Pension Plan’s real estate manager LaSalle Investment Management, and Hermes Property Unit Trust announced yesterday in a statement that they had signed the deal for the sale of the 185 m tower and five other buildings on the 2,2-acre site.
Mr Kirsh was born in Potchefstroom in 1932 and obtained a BCom at the University of the Witwatersrand, according to Who’s Who Southern Africa.
He carries a Swaziland passport but also has residency status in the UK and the US. He emigrated to Swaziland in 1986 and has a property empire spanning the UK, Swaziland and Australia.
Mr Kirsh’s main holding group, Kirsh Holdings Group, owns Swazi Plaza Properties — his biggest interest in that country — in a 50-50 partnership with the government-owned Swaziland Industrial Development Company. He owns Ki Corporation, a Liberian-domiciled company held by the Eurona Foundation.