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Largest Reinsurer in Talks to Buy One of London’s Tallest Skyscrapers

  • Insurer is said to weigh occupying part of tower, leasing rest
  • Brookfield secured approval for new building in 2017
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Photographer: Simon Dawson/Bloomberg

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Munich Re, the world’s largest reinsurer, is in talks to acquire a plot that has approval for one of the tallest towers in the City of London financial district, people with knowledge of the plan said.

The insurer is negotiating to buy the One Leadenhall project from Brookfield Property Partners LP, and could use it as its new U.K. headquarters, the people said, asking not to be identified because the plan is private. Cushman & Wakefield is brokering the possible deal, the people said.