Russian Executive’s $222 Million London Office Sale Unravels

An executive at a Russian state-owned energy company is struggling to sell a City of London office building that’s valued at about 170 million pounds ($222 million), according to people with knowledge of the sale.

The executive, whose identity could not immediately be confirmed, had been in negotiations to offload Plantation Place South at 60 Great Tower Street but has seen buyers and advisers withdraw from the process, said the people, who asked not to be identified because the negotiations are private.

Valenciana Business Corp., a company based in the British Virgin Islands, is the registered owner of the property, ...