IVG tipped to buy London's 'Gherkin' for almost EUR 891 mln

The Asticus unit of Germany's IVG Immobilien has won the battle to buy the landmark 'Erotic Gherkin' skyscraper in the City of London from reinsurer Swiss Re for close to £600 mln (EUR 891 mln), UK newspaper Sunday Times has reported. Without citing any sources, the paper said Swiss Re is expected to make a £200 mln profit on the sale of the building. A spokesperson for IVG declined to comment on the report.

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