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    Tower 42 Goes up For Sale

    Tower 42, the very first skyscraper to be built in the main financial district of London, has gone on the market at a discount of three per cent from the price its current owners attempted to sell it for around 17 months ago in 2010.

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    Great Portland and BP Pension Fund Buy ITN HQ

    It has been reported that the headquarters of Independent Television News (ITN), which is situated in Central London, has been purchased in a joint venture by BP Pension Fund and Great Portland Estates PLC (GPOR) for no less than £133 million (around US$210 million).

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    Substantial Slow in London Office Market

    The office market in Central London has suffered a substantial slowdown, according to a new report. The Central London Offices Monthly Overview for August from CBRE shows that the market for office space within Central London has substantially slowed since the beginning of this year, a fact reflected in the take up rate in July, which dropped over all markets to just 658,000 square feet.

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