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City of London Office Values Fall Most in Seven Years on Brexit

LONDON - SEPTEMBER 18: 30 St Mary's Axe knicknamed The Gherkin, is pictured on September 18, 2006 in London, England. The famous London landmark standing at 180 metre high, has been listed for sale by its owner Swiss Re , the insurance giant, for an estimated GBP 600 million. Swiss Re occupies the first 16 of 34 office floors. The rest are occupied by financial groups such as Allianz, the German insurer, and Cardinal Asset Management. Coutts, the private bank, and Hypo Real Estate, a German mortgage lender, also have offices in the building.
Photographer: Daniel Berehulak/Getty Images

Office values in the City of London financial district fell the most in at least seven years after Britain voted to leave the European Union.

Prices fell 6.1 percent in July on heightened economic uncertainty, especially for financial services firms, CBRE Group Inc. said by e-mail on Monday. That’s the largest decline since the broker began compiling the data in July 2009.