City of London Developers Start Skyscrapers as Rents End Slide

Brookfield Asset Management Inc., owner of a stake in the U.K.’s tallest building, is about to start constructing an even higher tower in the City of London.

The 64-story Pinnacle is currently the only major office project scheduled for completion after 2012 in the City, the capital’s main financial district.

That may be about to change.