South-African investor buys London's Tower 42 for EUR 340m

Kirsh Group, owned by South African property magnate Nathan Kirsh, has closed the purchase of the landmark Tower 42 Estate in the City of London for just over £282 mln (EUR 340 mln). The vendor is The Tower Limited Partnership, representing a joint venture of BlackRock's UK Property Fund, Hermes Property Unit Trust and LaSalle Investment Management on behalf of the Royal Mail Pension Plan.

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