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Swiss Re sells gherkin

Swiss Re has agreed to sell its London office building, 30 St Mary Axe [known also as the Gherkin] to an affiliate of the real-estate corporation IVG Immobilien AG for 600 million pounds. The transaction is expected to close in February 2007.

In a statement Swiss Re said: "A number of potential investors showed significant interest in 30 St Mary Axe. Swiss Re decided on IVG Immobilien AG due to its excellent track record in managing

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