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WSJ --Gherkin Building Gets a Big Apple Push
September 15, 2014
When Savills PLC acquired Studley Inc. earlier this year for $260 million, executives of the merged company predicted a wide range of benefits from aligning the 159-year-old London-based company with the scrappy New York-based brokerage.
Now that prediction is being tested with the sale of a London office tower known as the Gherkin for its pickle-like shape. The receiver that controls the property on behalf of five European creditors...