The landmark building overlooking the Thames was bought by the US investor Steven Witkoff for around £200 million ($284 million) in 1999 and now he is looking to raise more than £300 million ($425 million), having refurbished and re-let the property.

Last month Prince Alwaleed outbid the Duke of Westminster's Grosvenor Estate to snap up the Berkeley Square estate--arguably the UK's premier office address--for £345 million. The prince, a nephew of King Fahd, is ranked by Forbes magazine as the richest businessman outside the United States.

Although he holds a wide spread of investments, he demonstrated his real estate expertise when he made a significant profit on distressed property assets--including London's Canary Wharf and Disneyland Paris--that he was able to pick up during the early 1990s property slump.

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