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Property News

Banking family frontrunner to buy £700m Gherkin
A frontrunner has been chosen to buy the iconic Gherkin skyscraper in the City of London for around £700m.
Housebuilders take £100m Reading site
A consortium of housebuilders is poised to pay around £100m for a vast 101-acre site in Reading in a sign the dysfunctional London housing market is boosting demand for schemes in the commuter belt.
Supreme Court refuses Game appeal
The Supreme Court has rejected Game’s application to appeal the Court of Appeal’s decision in a case about whether companies entering administration should be able to continue trading while defaulting on rent payments.
Lidl shops around in Surrey for HQ
Discount supermarket chain Lidl is in talks to buy and occupy a new 175,000 sq ft UK head office in Surrey.
GPE secures new £450m credit facility
Great Portland Estates has secured a new £450m credit facility with a group of seven banks for “general corporate purposes”, replacing previous facilities of £500m.
NFU Mutual grabs trophy City fringe sites for £55m
NFU Mutual has made a significant move into the City fringe markets in London, snapping up two trophy offices for around £55m.
LaSalle kicks off £200m student digs spree with Campbell deal - and snaps up Odyssey Park for £40m
LaSalle Investment Management has embarked on a £200m-plus drive in the student accommodation market with a £60m investment in a six-strong UK student portfolio owned by Campbell Property.
Ferrero Rocher sweet on West London office
Chocolate brand Ferrero Rocher has bought an office block in Greenford, west London, as an owner-occupier investment for its UK headquarters.

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