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Eversheds comment: London's Gherkin irresistible to sovereign wealth funds

  • United Kingdom

    30-07-2014

    Commenting on news that London's Gherkin building is to be sold, Bruce Dear, head of London real estate at law firm Eversheds, says:

    “The Gherkin has an iconic, globally recognised physical profile, a prestigious City address and an insurance sector flavour. All of these features will make it irresistible to Sovereign Wealth Funds, particularly those from the South-East Asian Pacific Rim and Middle East. Expect a scrum of international bidders around this pickle jar.”

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