After the disintegration of a fund supported by the Syrian property major tycoon, Simon Halabi, Hammerson has finally paid £65m for the “landmark building” in London's financial district.

With the payment, Hammerson purchased Leadenhall Court building, as a part of property Company’s White Tower mortgage-backed securities vehicle. This is also backed by eight other properties, which valued £1.8bn in 2006.

In the year 2009, the White Tower evaded on £1.1bn of securitized debt flowing the downgrade of the portfolio to £929m, at the time of commercial property crisis.

Last September, the receivers at Ernst & Young were called. Also, the left out five properties are now being sold by the accountancy firm. Most of the package will be sold as the Thames Portfolio.

It has been reported by Property Week magazine that US private equity firm, Carlyle is ready to buy the package.

Simon Halabi was cited in the Forbes magazine's list of global billionaires with a fate of $2.8bn or £1.9bn in the year 2009. Later, he was badly affected by the property values at the time of recession.

Mr. Halabi was then declared bankrupt by the High Court in London, over a £56.3m loan from the bent Icelandic bank, Kaupthing Singer & Friedlander. This loan was to fund the purchase of Esporta fitness club in 2007.