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| CENTREPOINT TOWER LONDON Centre Point (also referred to as Centrepoint) was designed by Richard Seifert and was constructed from 1963 to 1966. It is 117 m (385 ft) high, has 35 floors and 27 180 m² of floor space and is the 19th tallest building in London. It was one of the first skyscrapers in London. occupying 101-103 New Oxford Street, WC1, close to St Giles' Circus and almost directly above Tottenham Court Road tube station. Centre Point became notorious because it remained empty for years. The economics of this was that, as rents were rising so sharply, it was better to leave it empty than rent it out and tie its value down to a particular rent review period. This was because the capital appreciation was greater than the lost rental income. It's construction cost in 1964 was £5.5 million whilst its estimated market value in 1973 was £20 million. The icing on the cake was that as it was empty it was not liable for rates. CENTREPOINT TOWER SYDNEY CENTREPOINT HOMELESS YOUNG PEOPLE'S
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