Reinsurer Swiss Re has confirmed media speculation it is in 'exclusive talks' with a potential buyer for its City of London skyscraper known as the 'Erotic Gherkin' but it stopped short of naming the interested party. 'We expect negotiations to close by early 2007,' Swiss Re said.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
