World Business Briefing | Europe: Britain: Renowned Building Sold
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A London office tower known as the Gherkin was bought by IVG Immobilien, a German property company, and Evans Randall Investment Management, a British investment bank, for Â£600 million ($1.2 billion), a record for a building in the cityâs main financial district. The Swiss Reinsurance Company, the towerâs owner, said it would remain the principal tenant in the 41-story building. Swiss Re, which is based in Zurich, will book a profit of Â£250 million ($500 million) from the sale. The Gherkin was designed by Norman Foster, winner of the Pritzker Prize, and opened in 2004. The tower, formally known as 30 St. Mary Axe, is âa genuine landmark with excellent long-term letting prospects,â IVG said.
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EMI Group has agreed to sell its   landmark Capitol Records Tower in Los Angeles, the world's   first circular office building, for $50 million, and signed a   long-term lease with the buyer to keep operations there.
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British property firm Segro has agreed to sell its U.S. life sciences real-estate business to Health Care Property Investors Inc. for $2.9 billion as it moves to focus on Britain and continental Europe.
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FINANCE group HHG is selling its British life assurance assets to entrepreneur Hugh Osmond&#39;s Sun Capital in a Â£1.025bn cash deal.
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London has increased its lead over Paris as the best city in which to locate a business in Europe, a survey by an international property firm has shown.
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A historic Hollywood studio that was the former headquarters of Columbia Pictures has been sold.
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Insurance giant Swiss Re sells off 'the Gherkin' its landmark building in the heart of the UK financial district for Â£600m.
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The company behind the Madame Tussauds and London Eye tourist attractions is bought in a Â£1bn deal.
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Jarvis Plc, the UK engineering firm whose debt is almost 10 times its market value, agreed to sell its stake in London&#39;s subway to the Spanish builder Grupo Ferrovial SA for Â£146.8 million (US$283 million) to avoid collapse.
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LONDON (CBS.MW) -- British Airways (UK:BAY) (BAB) Wednesday said it&#39;s planning to sell its 18.25 percent stake in Qantas as it seeks funds to expand in Europe.
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LONDON/GAYDON  - Ford Motor  is selling British luxury car maker Aston Martin to a group fronted by former Benetton and BAR motor racing boss David Richards in a deal worth 479 million pounds ($925 million).
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Britain is still the favourite European destination for foreign investment projects, according to a new report.
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One Beacon Street, one of Boston's earliest prominent office towers, was sold yesterday for about $340 million, the third time in two years a sale had been in the works for the 34-story building.
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The reinsurer SwissRe has said it is selling its London office block, known to millions of Londoners as the &quot;gherkin,&quot; to a German real estate firm for 600 million pounds.
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Deustche Bank, Germany's biggest bank, said it finalised the sale of a portfolio of 109 business properties to British investment fund Eurocastle Investment for 300 million euros (211 million pounds).
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Luxury car business Aston Martin has been sold to a British-led consortium for Â£479m.
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Shorenstein Co. LLC of San Francisco and the State Teachers Retirement System of Ohio this week completed the sale of Bay Colony Corporate Center office park in Waltham to Beacon Capital Partners LLC for $272.5 million. Cushman &amp; Wakefield of Massachusetts represented the sellers in the sale of the 987,923-square-foot, four-building complex on Route 128 overlooking the Cambridge Reservoir. The ...