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Gherkin bought for over £700m

The Gherkin, in the City of London, has been bought by billionaire Brazilian banker Joseph Safra, in a deal thought to be worth more over £700m.

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"We intend to make the building even better" says new owner

"We intend to make the building even better" says new owner Safra Group Credit: John Walton/PA Wire

"The acquisition of 30 St Mary Axe is consistent with our real estate strategy of investing in properties that are truly special – at the best locations within great cities. While only ten years old, this building is already a London icon that is distinguished from others in the market, with excellent value growth potential. We intend to make the building even better and more desirable through active ownership that will lead to a range of enhancements that will benefit tenants."

– Safra Group

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