London Paris Estates acquired a lease on the building three years ago, but the development is being funded by a pension fund client of Baring, Houston & Saunders. The building has been gutted over the past seven months and a new mezzanine level built around the original courtyard. English Heritage demanded the mezzanine be built so that visitors could see 32 12-foot high paintings depicting the history of the City which surround the courtyard.
The new Royal Exchange will even have an ambassador to promote it: Yan Debelle de Montby, a great afficionado of luxury goods, has been appointed . He said, 'I am not a PR man, I am not a marketing man. I will be above every brand. I will be the host of this marvellous place.'
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