A Walking Tour Of London's £500M Office Buildings Frozen By Sanctions

In the City of London, 10 Fenchurch Street is the sort of nondescript office building you walk past without looking twice, its façade grubby, no lights showing in the windows.  But its story comes with intrigue. The 78K SF office building is the latest to be subject to an asset freezing order from the UK government after its owner was hit by sanctions. That means it cannot be sold and must get special permission to collect rent. Commercial buildings in the City once valued at well above £500M have been subject to asset freezes over the past 15 years due to the actions of...