Art of Property Development
The Sunday Times

Art of Property Development


Oliver Shah

Almacantar, whose backers include Italy’s Agnelli dynasty, discovered an artwork was missing from one of the retail units at the grade II listed skyscraper’s base after buying the site in 2011.

The piece, an intricate web of clocks, keys and money in brass, bronze and steel, was commissioned by NatWest bank.

It had hung on the wall long after the bank branch became a bar — and was specifically cited in the listing of the building.

James Waite, project director, politely explains the artwork “wasn’t in the location it should have been” when Almacantar took over. Waite, 39, made inquiries and eventually tracked it down to a lock-up.

The piece is now being restored by Rupert Harris, a metalwork conservator, ahead of Centre Point’s relaunch at the end of this year. Who said property developers were philistines?