A warren of tunnels beneath central London, once used by the spies who inspired the creation of James Bond, has been bought by fund manager Angus Murray with a £220 million ($269 million) plan. Murray aims to transform the tunnels into a tourist attraction that is set to be as iconic as the London Eye.
Murray, an Australian-born former executive at asset manager Macquarie Group Ltd., has recently signed a deal to purchase the tunnels from BT Group Plc, Britain’s former state telecom monopoly. He has set a four-year makeover strategy for the site. Known as the Kingsway Telephone Exchange, the tunnels occupy an area of 8,000 square meters (86,111 square feet), situated 40 meters below the lawyers’ offices that characterize London’s Holborn district.